I think it is way better to not set a SL when you send an market or limit order. The reason is that the dealers are able to see all the SL and can go stop hunting.
What I think is a much better way to do SL is code the check for price movement in your EA...for example in start(), you check if the current tick price has moved on or below your predefined SL, if it hits, your EA close the order. So the dealers have no idea what is your SL.
anyone agree or disagree with me? i like to hear some comments from the 1k posters.
What I think is a much better way to do SL is code the check for price movement in your EA...for example in start(), you check if the current tick price has moved on or below your predefined SL, if it hits, your EA close the order. So the dealers have no idea what is your SL.
anyone agree or disagree with me? i like to hear some comments from the 1k posters.