System of Pending Orders | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA orders pending orders 8 replies

EA to cancel all pending orders once a position opens 3 replies

Close all pending orders and open orders once they reach profit target 3 replies

Pending orders in MT4 1 reply

Orders & Pending Orders Script 0 replies

Attachments: System of Pending Orders
Exit Attachments

System of Pending Orders

  • #21
  • Nov 14, 2018 3:41pm Nov 14, 2018 3:41pm
Quoting spotrate
I'll say it again, it's a fully automated system requiring no intervention. It's 100% automated running 24 hours a day, 5 days a week, 52 weeks a year. Yes, that's called an EA which is an acronym for Expert Advisor. It is pretty amazing that an EA can trade more efficiently than a human ever could do so manually.
Yes this is perfectly clear. I was asking if your EA uses your TPO-Range-v3.mq4 to place trades
  • #22
  • Nov 14, 2018 6:50pm Nov 14, 2018 6:50pm
It's not using that particular indicator but that indicator makes the idea visually clear.
  • #23
  • Nov 14, 2018 10:18pm Nov 14, 2018 10:18pm
@spotrate,

would you please be so Kind and share the EA.
  • #24
  • Nov 15, 2018 2:10am Nov 15, 2018 2:10am
Quoting spotrate
The idea is not to chase the trend. Instead you want to stalk the trend. As an example, NZDUSD is in an uptrend on M15. You can place a pending order somewhere between the two dotted lines, for instance the longest histogram bar in between.
Why are you placing sell stop orders when you want to "stalk" the (upward) trend?
  • #25
  • Nov 15, 2018 2:16am Nov 15, 2018 2:16am
I can't tell if you're asking or being condescending. If you are asking, I do that in order to catch the next trend at the start of trend, instead of chasing a current trend.
  • #26
  • Nov 15, 2018 2:20am Nov 15, 2018 2:20am
Quoting spotrate
I can't tell if you're asking or being condescending. If you are asking, I do that in order to catch the next trend at the start of trend, instead of chasing a current trend.
Apologies, I didn't mean to sound condescending. Thank you for the explanation.
  • #27
  • Nov 15, 2018 2:43am Nov 15, 2018 2:43am
Oh it's fine, I just wanted to know if it needed an answer or it was more of a comment
  • #28
  • Nov 15, 2018 4:31am Nov 15, 2018 4:31am
hi there buddy
this sounds like a good plan of trading are yoy posting the EA so we can try it out?

Cheers
  • #29
  • Nov 15, 2018 4:41am Nov 15, 2018 4:41am
Quoting spotrate
This is a short-term system using only pending orders with no TP or SL and having a holding period of days to weeks depending on how many pairs you choose to trade. The system benefits from safety in numbers so the more pairs traded, the better. IC Markets has a limit of 200 open trades and pending orders and since I'm trading the entire markets of AUD, CAD, CHF, EUR, GBP, SGD, JPY, I will reach something close to 200 within a week. For me this means begin placing pending orders on Monday, continuing up to and including Friday, and then closing...
hi on your first post you say holding from days to weeks then at the end of post you say opening monday closing all trades end of day friday
  • #30
  • Nov 15, 2018 5:10am Nov 15, 2018 5:10am
Generally speaking the longer the trades are held, the more likely it is that the trades will be in the green.

During backtests of GBPJPY trading for a 52 week period, there may be let's say 50 trades in total for the entire year, never reaching the broker maximum of 200. Whereas here, all 34 pairs are traded so the 200 would be reached much sooner.

So considering that and also the benefit of having closed weekly results, it makes sense to hold for 5 days, starting on Monday and finishing by end of day Friday even though the system is robust to weekend gaps.
  • #31
  • Nov 15, 2018 5:17am Nov 15, 2018 5:17am
A lot of answers from OP, so far we still know nothing about the Strategy...

You said we could put a pending order between 2 doted lines when you shared one indicator, but then I check the pending orders on your TE and it doesn't match.
Building a Freedom All Time Return: 5,178.8%
  • #32
  • Nov 15, 2018 5:25am Nov 15, 2018 5:25am
...and I would love to have answered my earlier question on the indicator.
I don't understand why spotrate is holding the relevant answers back. Sorry. Perhaps you will give us an answer. There are several open questions....
  • #33
  • Nov 15, 2018 5:25am Nov 15, 2018 5:25am
I'm sorry that's not enough. As was stated in the OP, the system is just that: "The system is simple, just place the pending orders on the TE without TP or SL."

I guess you want me to PM you my EA for this system, my years of hard work. Will that be enough?

Sure I guess I can do that, but first let me know if you would like me to provide a live account for you as well. Perhaps you would like a VPS also? Just let me know because my goal is to make your path to pip-heaven as effortless for you as possible.
  • #34
  • Nov 15, 2018 5:50am Nov 15, 2018 5:50am
i have to say a lot people here are really joking lol....
i don't understand why every time someone write post people come and start talk about EA and indicators and ask how he is trade instead of read post carefully .... i guess a lot are lazy to do that .. or they want success on golden plate...(and someone read posts to them)

anyone can trade like in that way .... personally i did something like that before long time ago on 3 different account on different periods and i doubled all of them 5 or 6x times .... but as they say what come fast go fast ..... there is ways that you can use for adventure probably open small account for that...

but in real account that's not serious way to trade(to me not something can make you successful trader in longterm)... that's what i learnt ... if anyone want to be successful must have way that more realistic than just enter hundreds of trades and hoping keep equity high..i don't see that professional or comfortable even .. sometimes person can just trade one pair only with clear stop loss and take profit and still make money more than the one who open hundreds of trades on a lot pairs.
just don't get tricked with green pips and 10000% return ... be realistic trader and stop running everywhere and ask for EA and indicators that going to make you Millionaire because you just saw green pips on TE of someone.... just open demo account and try things by yourself for long period enough to judge
  • #35
  • Nov 15, 2018 5:50am Nov 15, 2018 5:50am
Quoting spotrate
I'm sorry that's not enough. As was stated in the OP, the system is just that: "The system is simple, just place the pending orders on the TE without TP or SL." I guess you want me to PM you my EA for this system, my years of hard work. Will that be enough? Sure I guess I can do that, but first let me know if you would like me to provide a live account for you as well. Perhaps you would like a VPS also? Just let me know because my goal is to make your path to pip-heaven as effortless for you as possible.
Then this is not a trading system, we are just taking signals of your EA coded after dozens of years of hard work and millions invested, so first your post title misleads and this is also not the correct section.
Building a Freedom All Time Return: 5,178.8%
  • #36
  • Nov 15, 2018 6:49am Nov 15, 2018 6:49am
well said jscave
he only joined in september just wait now for the message to buy this fantastic EA he spent thousands of hours on makes thousands a month
sptrate is fishing in FF for newbies

good luck
  • #37
  • Nov 15, 2018 7:09am Nov 15, 2018 7:09am
it's ok he doing experiment i respect that ... in that business ok everyone have secrets i respect that also.... i just blame people who ask for ea and indicators in every single topic .. i just saying based on my experience his system is simple and can do it manually just take trades based even on technical Analise , patterns .. etc ,,,,, on large time frames and you will get the same result ... i tried that already before ... not something genius .. i don't know why everyone want EA and secrets ... there is no secrets....

one of my expriments with old friend before several years is just take trades at monday morning just look at trend direction by using eyes only and enter trade with stop loss 20 and target 250 ...results was good for first 3 weeks

the idea is if someone really care to do experiments just open demo account and try by himself no need to blame everyone because not share secrets or EA , especially in that way because it's not that big secret .. we tried more crazy ideas at our beginning .
  • #38
  • Nov 15, 2018 9:34am Nov 15, 2018 9:34am
What happened to all the "Regards!" and "Thanks!" and "buddy" and "Cheers?" So sad to see people turn on me because they couldn't figure out what they could take from me. Tapeworms...
  • #39
  • Nov 15, 2018 9:57am Nov 15, 2018 9:57am
Quoting spotrate
What happened to all the "Regards!" and "Thanks!" and "buddy" and "Cheers?" So sad to see people turn on me because they couldn't figure out what they could take from me. Tapeworms...
Why don't you do this on a real account and show all the results for the next month..don't give out ea or anything. If you are that confident surly you can show us doing it on a real account.I'm sorry to say it sounded OK but there is something I don't find confidence in this Maybe you will prove me wrong Ask any trader things always seem better in demo than in live. It just seems impractical. Good luck
  • #40
  • Nov 15, 2018 10:32am Nov 15, 2018 10:32am
You guys really can't think of any other possibility or reason for why someone does something positive aside from what you're thinking in your negative minds?

This isn't being a natural problem solver (what is essential for succeeding in this business). This only seems like spreading malicious gossip. I haven't asked for anything, I have only ever shared ever since the time I recently chose to become a posting member of FF. I see that no good deed goes unpunished.

I just honestly don't think the people spreading the rumors here are smart enough to figure anything out for themselves. Let me save you some time if you think this system is simple and can be explained in a thread, you couldn't be more wrong (especially trying to explain to not so smart people if I may say). It is complex on so many levels that even I having worked on developing the parameter ideas for years still think to myself wow this set file is complicated. Even if I were to explain in detail, it still wouldn't be practical to implement on your end without me senselessly providing my EA for you as well and teaching you how to use it. This is the way that I am able to share. If it's not good enough then please be a pest in another thread.
0 traders viewing now