Heeeelllppp!!!!!!

Hello Fellow traders. I am new, and this is my first post. I have a question. Does anyone know the script that will allow an EA to trade continuosly even if the last trade has not hit the take profit?

What do I mean you say?

Example:

Say I have an EA that trades based on stochastic cross. Lets say a cross occurs, an order is sent, but the trade goes south. I would like a script that would continue opening and closing trades regardless.


Is this possible?

Any Help is appreciated.


David

Yes.

It sounds like you want an EA to keep opening trades as long as there is a new signal, regardless of any current trades open.

I've answered a similar question here.

http://www.forexfactory.com/showthread.php?t=95593

It's possible provided you have the margin remaining, lol. Actually it's the natural state of MT4, it doesn't check for existing trades by default... altho it's easy to get it to.

Of course such a thing is dangerous, since it will just keep opening trades over and over and over regardless and run you out of money.

Now, if you only want it to open one trade per cross (which isn't quite the same as continually opening trades) then yes that can be done too, just check to see if any new trades were opened on the last cross and if not... open one without checking for current trades.

of course its possible.

Thanks for the reply. I want further explain. Say I open a sell position. then it loses 20 pips, but then a signal for a buy is met. I would like the EA to take it.

If you can define the following and PM/email to me, I can program one for you.

1) your indicator using
2) your BUY signal
3) your SELL signal
4) close signal
5) Lot size

It might took as little as 2 hours after I read your msg