NewLesson: BLUE-ORDERS(03-05) Conditional Entry (BS)
BS:
Ordinary BuyStop or Conditional BuyStop
Ordinay or normal BS is the same order type BS that we use everyday,:
example:
price now is 1.0000
O=D=10, then first five orders are:
1st order at 1.0010
2nd order at 1.0020
3rd order at 1.0030
4th order at 1.0040
5th order at 1.0050
for Conditional BS, the same procedurs, but order level are shifted down by some pips determined by you let us say cPips=100 pips
then,
1st order at 0.9910
2nd order at 0.9920
3rd order at 0.9930
4th order at 0.9940
5th order at 0.9950
expert will wait till the prices first goes down by 100 pips, then start BS from 0.9900 instead of 1.0000
when expert trigger 0.9900, the BS button will be blue
Advantages: many, among them: you guess when prices frop to some level a new trend will emerge.
BS:
Ordinary BuyStop or Conditional BuyStop
Ordinay or normal BS is the same order type BS that we use everyday,:
example:
price now is 1.0000
O=D=10, then first five orders are:
1st order at 1.0010
2nd order at 1.0020
3rd order at 1.0030
4th order at 1.0040
5th order at 1.0050
for Conditional BS, the same procedurs, but order level are shifted down by some pips determined by you let us say cPips=100 pips
then,
1st order at 0.9910
2nd order at 0.9920
3rd order at 0.9930
4th order at 0.9940
5th order at 0.9950
expert will wait till the prices first goes down by 100 pips, then start BS from 0.9900 instead of 1.0000
when expert trigger 0.9900, the BS button will be blue
Advantages: many, among them: you guess when prices frop to some level a new trend will emerge.
Be yourself
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