Hi,
I'd like to explain a bit about the Auction Market Value Theory & Analytics EA, using an example from my live account (see Trade Explorer).
I attach a screenshot from my metatrader, where you can see 4 open positions. one of them is AUDUSD, buy at 0.76147.
1) the order was opened after such level was retested. As you can see in the picture, the level around 0.76147 was tested already in the past 15 days, and was tested in the mid-term at least other 4 times. It seems a quite important resistance.
2) the order was opened with a stop loss (0.75419) and a Take Profit (0.77603). The stop loss was set at the lower level of value area of the last 3 days Overlay, and the Take profit is just 2 times the stop loss (depending of the setting in the input parameters).
3) the blue line is the trailing level, again this depends on the settings in the input parameters. If the price goes beyond this line AND it holds (e.g. there will be bracketing in the 3 days overlay), a trailing stop will be set. Or, if the price goes beyond this line and Activity (ATR, Volume and other parameters) will be increasing, an automatic orderclose will be sent.
4) if after 15 days the price will be between the order open level and the trailing level (e.g. a "not really convincing trend"), an automatic order close will be sent.
Summarizing, this AUDUSD order can be closed in 5 different ways:
1) Stop loss
2) Take Profit
3) Trailing stop
4) Order close due to high activity
5) Order close due to lateral wandering
Let's see what happens
I'd like to explain a bit about the Auction Market Value Theory & Analytics EA, using an example from my live account (see Trade Explorer).
I attach a screenshot from my metatrader, where you can see 4 open positions. one of them is AUDUSD, buy at 0.76147.
1) the order was opened after such level was retested. As you can see in the picture, the level around 0.76147 was tested already in the past 15 days, and was tested in the mid-term at least other 4 times. It seems a quite important resistance.
2) the order was opened with a stop loss (0.75419) and a Take Profit (0.77603). The stop loss was set at the lower level of value area of the last 3 days Overlay, and the Take profit is just 2 times the stop loss (depending of the setting in the input parameters).
3) the blue line is the trailing level, again this depends on the settings in the input parameters. If the price goes beyond this line AND it holds (e.g. there will be bracketing in the 3 days overlay), a trailing stop will be set. Or, if the price goes beyond this line and Activity (ATR, Volume and other parameters) will be increasing, an automatic orderclose will be sent.
4) if after 15 days the price will be between the order open level and the trailing level (e.g. a "not really convincing trend"), an automatic order close will be sent.
Summarizing, this AUDUSD order can be closed in 5 different ways:
1) Stop loss
2) Take Profit
3) Trailing stop
4) Order close due to high activity
5) Order close due to lateral wandering
Let's see what happens
1