Can you change this EA?

Hello programmers,

I have this EA that places stop orders above and below current price. What I need is an EA that will place limit orders instead of stop orders above and below current price. Can you change this EA to do just that while keeping all of the parameters the same?

Thanks in advance,
Paul

Read Dictionary in Metaeditor, for types of order, then change OrderSend() accordingly. You can do it yourself. Easy.

Hi Zen. Thanks for replying. I tried to follow your directions to modify the EA myself but I could not "make heads or tails" from the whole thing. In the MT4 Navigator window I right-clicked the EA and selected Modify. The MetaEditor screen came up with the EA. Next I tried to read the Dictionary in Metaeditor for types of order but could not find the dictionary. This is where I'm stuck. I looked over the details of the EA to try and find and change OrderSend() but could not find it either. Perhaps you or someone else could look at the EA in MetaEditor and tell me exactly what I need to change? This does not seem easy to me

Thanks again,
Paul

Ah yes, the wonderfull thought of grid trading.. but, as we all may allready know, grid trading is quite possibly not a profitable way to do trades, i would love to modify the code for you, but would you mind to enlight me first should the system be profitable if the EA use a 'Limit Orders?"

regards

Hello yohan_ip,

Thanks for offering to modify the code for me. Actually I figured out that the EA already has the option to place stop or limit orders above and below current price. I just needed to change wantBreakout to false and wantCounter to true under the Inputs tab in order to place limit orders instead of stop orders.

The original system using stop orders has been profitable, however before realizing a profit or my profit target of 1% I would see a drawdown in equity of almost 50% sometimes. This happens during times of consolidation. I figure had I used limit orders instead of stop orders then I could set a stop of 1-2% while targeting 10-20%. This is all theoretical. I won't know if this can hold true unless I demo trade for a while. We'll see what happens........

Regards,
Paul