nice work, ninponjutsu.
thank you.
thank you.
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DislikedQuote:
Originally Posted by globalinvest http://cdn.forexfactory.com/images/buttons/viewpost.gif
How does this approach exactly work ?
Let us say you buy eur/usd at 1.3500. You then place a sell order at 1.3480 and a buy order at 1.3520. If price goes up to 1.3520 the buy order is triggered - what do you do with the previous sell order at 1.3480 ? Cancel it ?
[i]And do you then place a buy order at 1.3540 and a sell order at 1.3500...Ignored
DislikedThanks for the explanation...I was able to get the picture now. Is there a recommended TP? or is that just an individual choice...Ignored
Dislikedyes, tp is a individual choice, you can use a x number of pips or levels, s/r, when you think that is enought for you, or you can close many orders and let the others run.Ignored
DislikedHi Again,
Quick question it may sound stupid to some of you out there, but Kiscan from that example you just showed at which point do you pull out and collect the pips? Because if each order is hitting BE then the sell orders will be triggered but what happens if vice versa the price starts moving up again the orders will close at break even so when do we take profit?
thanksIgnored
Dislikeddo not think yet about take profits or exits. let that be manual for this moment.
just add the standard, basic idea into an EA as described above.
goodluckIgnored
DislikedRoundrock or other coders. just an idea. otherwise you will end up like 1000 versions as with art phantom EA.
if your going to program this.
do not think yet about take profits or exits. let that be manual for this moment.
money management or exits can always be programmed later on.
just add the standard, basic idea into an EA as described above.
i know a bit how programmers work. and they overcomplicate things fast.
just a basic Ea is enough.
if that works. go to step 2. money managment or closing.
when people have a good idea here with...Ignored
DislikedHere's another idea... what about moving/lock profit of first open position in 20 pips profit, when second position is moved to BE and third position is being opened (in meaning of 3 opened trades in the same direction) - in this variant if trend goes oposite, one trade becomes loss (20 pips), other will be closed at BE and first will be closed by hitting SL w/ 20 pips in profit
we can also trail SL of additional opened positionsIgnored