This is my first post on FF. That should give you some indication as to how new I am to forex. (Still demo trading after a few months of studying).
I recently learned about EA's (just that they exist, but I have no idea how to create one, but working on it)
My question is, can an EA be written to start the same program at several different time periods? For example, I have a very simple strategy that I have been following.
5 minutes before a major news release, I place a buy order 15 pips above the current price and a sell order 15 pips below, with a 10 pip SL and 20 pip TP.
(With a maximum 2% loss, this gives me a potential 4% gain.)
Using an EA, is it possible to program it to automatically place orders before all major news releases throughout an evening and morning (depending on your time zone)?
Look forward to your comments.
I recently learned about EA's (just that they exist, but I have no idea how to create one, but working on it)
My question is, can an EA be written to start the same program at several different time periods? For example, I have a very simple strategy that I have been following.
5 minutes before a major news release, I place a buy order 15 pips above the current price and a sell order 15 pips below, with a 10 pip SL and 20 pip TP.
(With a maximum 2% loss, this gives me a potential 4% gain.)
Using an EA, is it possible to program it to automatically place orders before all major news releases throughout an evening and morning (depending on your time zone)?
Look forward to your comments.