Disliked@ Skyline - I have this EA that when a signal is triggered will initiate 1 Sell LIMIT order a 1 Buy LIMIT order then as long as price moves in whatever direction it does, the EA will then place the corresponding trade and cancel the other. Not sure if it will help in detecting wrong signals but thought I would bring it up in case it would be something worth implementing in the next release.Ignored
- if simultaneous BUY/SELL LIMIT orders, doesn't this mean you are not sure which way it will go? Usually this is for hedging purposes.
- no need this in EA since it will buy/see for you when conditions are met
- if want triggered because you hit your S/L there is no assurance that price will move in that direction - need some other confirmation still
I have seen instances where my S/L gets triggered, but then move on its intended direction - being taken out by the broker I would say. It's why I do not use S/L and just close it when pair reached my S/L [should I or should I Not psychological emotion sets in].