Multiple Pending Oder EA all with same SL and TP | Forex Factory

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Multiple Pending Oder EA all with same SL and TP

  • #1
  • First Post: Edited 5:49am May 22, 2020 5:38am | Edited 5:49am
I have been searching for an ea that can open a certain number of orders in one direction with all of them having the same SL and TP
EXAMPLE if price is at 1.3000 and I want to go long placing five buy stop orders.
1st buy stop order at 1.3010 Wit SL at 10pips, TP 100pips
2nd buy stop order at 1.3020 SL 20pips, TP 90pips
3rd order at 1.3030, SL 30pip. TP 80pips
4rd order at 1.3040' SL 40pips, TP 70pips
5th order or 1.3050 SL 50 pips, TP 60 pips.

This means all the five oder will have the same SL at 1.2990 and the same TP at 1.3100. The idea is if price triggers all the five orders before hitting the SL , we will be having a cummmulatve lose 10+20+30+40+50 = 150pips. But if TP is hit we will be having a profit of 100+90+80+70+60= 400pips
Will happy if someone could pose or direct me to such EA. Thanks
  • #2
  • May 22, 2020 2:24pm May 22, 2020 2:24pm
Quoting Braxstine
I have been searching for an ea that can open a certain number of orders in one direction with all of them having the same SL and TP EXAMPLE if price is at 1.3000 and I want to go long placing five buy stop orders. 1st buy stop order at 1.3010 Wit SL at 10pips, TP 100pips 2nd buy stop order at 1.3020 SL 20pips, TP 90pips 3rd order at 1.3030, SL 30pip. TP 80pips 4rd order at 1.3040' SL 40pips, TP 70pips 5th order or 1.3050 SL 50 pips, TP 60 pips. This means all the five oder will have the same SL at 1.2990 and the same TP at 1.3100. The idea is if...
You want to scale-in to a winning position. That's called "pyramiding" and there are EAs for it. The most famous one is "Snowballs and the anti-grid" here, here and here. Exit logic for winners is exactly like you expect, exit logic for losers is a bit different. Instead of using a big fixed SL there is automatic scaling-out of losing positions.

I implemented my own version of it (named SnowRoller) here, precompiled binaries here.
It takes blood, sweat and enough tears to wash away the blood.
  • #3
  • May 22, 2020 5:21pm May 22, 2020 5:21pm
Quoting emmzett
{quote} You want to scale-in to a winning position. That's called "pyramiding" and there are EAs for it. The most famous one is "Snowballs and the anti-grid" here, here and here. Exit logic for winners is exactly like you expect, exit logic for losers is a bit different. Instead of using a big fixed SL there is automatic scaling-out of losing positions. I...

Thank you Emmzett for your response, I really appreciate it. I have tried snowball ea. It not working for me. Its seems to be more of a trade manager. What I do need is a simple ea to place a predefined number of order with stoploss and take profit while I manage the trades manually. Others similar pyramid ea's that I have don't do that. Similar to it is an ea called makegrid but its SL and TP are not the same relative to the distance between the orders. Don't know if someone could modify it so that all SL and TP of all orders will be at the same price.
  • #4
  • May 22, 2020 5:45pm May 22, 2020 5:45pm
Quoting Braxstine
I have been searching for an ea that can open a certain number of orders in one direction with all of them having the same SL and TP EXAMPLE if price is at 1.3000 and I want to go long placing five buy stop orders. 1st buy stop order at 1.3010 Wit SL at 10pips, TP 100pips 2nd buy stop order at 1.3020 SL 20pips, TP 90pips 3rd order at 1.3030, SL 30pip. TP 80pips 4rd order at 1.3040' SL 40pips, TP 70pips 5th order or 1.3050 SL 50 pips, TP 60 pips. This means all the five oder will have the same SL at 1.2990 and the same TP at 1.3100. The idea is if...

scripts can do what you want:

https://www.mql5.com/en/code/10832
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5
  • May 22, 2020 6:55pm May 22, 2020 6:55pm
Hi All,

Good Morning!

Just want to ask something. I have 2 pending orders, is there a way that 1 order will cancel automatically when the other order was hit? Thank you very much!
  • #6
  • May 23, 2020 11:32am May 23, 2020 11:32am
Quoting emmanuel7788
{quote} scripts can do what you want: https://www.mql5.com/en/code/10832
Thanks but the pictures of your script doesn't fit my discription. What your script is, example. It places 3 buy pending orders
1st order at 1.500 and a SL of 20pips at 1.480
2nd order at 1.520 and a SL of 20pips at 1.500
3rd order at 1.540 and a SL of 20pips at 1.520
This means their stop loses are at three different prices of 1.480, 1.500 and 1.520

What I actually want is
1st order at 1.500 and a SL of 20pips at 1.480
2nd order at 1.520 and a SL of 40pips at 1.480
3rd order at 1.540 and a SL of 60pips at 1.480
This means the three stop loses at one price level of 1.480.
I can't find any script or ea that can do this for me. Is there anyone that could help?
  • #7
  • Last Post: Jun 2, 2020 8:08am Jun 2, 2020 8:08am
Coders in the forum, is there no one that could help to code this simple ea? Please
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