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Support needed to code an EA

  • #1
  • First Post: Jul 3, 2013 2:39am Jul 3, 2013 2:39am
Dear All,

The Idea is

Open a sell order instant execution ( Under defined condition say close1 > close )
Wait until orderopenprice is equal to ask
Open a buy order instant execution
Instantly Close all order when profit.
Additional we can have progressive increment in lot size
Only 2 orders at a time

Thanks,

vin
  • #2
  • Jul 3, 2013 3:44am Jul 3, 2013 3:44am
Quoting vin_yoga
Dear All, The Idea is Open a sell order instant execution ( Under defined condition say close1 > close ) Wait until orderopenprice is equal to ask Open a buy order instant execution Instantly Close all order when profit. Additional we can have progressive increment in lot size Only 2 orders at a time Thanks, vin
If I understand you correctly
You want to open a sell trade and then open a buy trade once the price has dropped enough so that the sell trade's spread is covered?
You will then have 2 opposite trades that can only possibly make a profit if the spread narrows. Not very likely.

Also what happens if after opening the sell trade, price rises and never covers the spread?
Please Do Not PM Me With Coding Enquiries
  • #3
  • Jul 3, 2013 4:13am Jul 3, 2013 4:13am
Dear Gumrai,

You understand correctly, if price rises and never covers the spread can be stopped by a suitable hidden stoploss setting.

Can you code the ea like that.
  • #4
  • Jul 3, 2013 4:48am Jul 3, 2013 4:48am
Quoting vin_yoga
Dear All, The Idea is Open a sell order instant execution ( Under defined condition say close1 > close ) Wait until orderopenprice is equal to ask Open a buy order instant execution Instantly Close all order when profit. Additional we can have progressive increment in lot size Only 2 orders at a time Thanks, vin
once you open the second order at break even point on the first order you will effectively be flat so how will they ever be any profit

not a good plan
  • #5
  • Jul 3, 2013 4:52am Jul 3, 2013 4:52am
make a profit if the spread narrows during high volatily with higher leverage
  • #6
  • Last Post: Jul 3, 2013 5:48am Jul 3, 2013 5:48am
Quoting vin_yoga
make a profit if the spread narrows during high volatily with higher leverage
Slippage and requotes happen during periods of high volatility.
This is not a good idea.
Please Do Not PM Me With Coding Enquiries
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