Cancelling a pending order if price reaches X | Forex Factory

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Cancelling a pending order if price reaches X

  • #1
  • First Post: Feb 27, 2014 8:21am Feb 27, 2014 8:21am
Anyone have any clue (or any EA/FAQ etc) out there on how do I cancel a pending order if price moves beyond a certain level?

Example price is now at 1.45, I have a sell pending order at 1.40, however if price hits 1.50 the pending order will be cancelled.
  • #2
  • Feb 27, 2014 1:47pm Feb 27, 2014 1:47pm
Have you searched the forum?

http://www.forexfactory.com/showthread.php?t=455001
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  • #3
  • Feb 27, 2014 2:39pm Feb 27, 2014 2:39pm
Quoting alfis
Anyone have any clue (or any EA/FAQ etc) out there on how do I cancel a pending order if price moves beyond a certain level? Example price is now at 1.45, I have a sell pending order at 1.40, however if price hits 1.50 the pending order will be cancelled.
I don't know if that's possible because by the time when the price reached 1.50, your pending order at 1.40 would've been executed long time ago; it would've executed been executed at 1.40 and at that time the price hasn't reached 1.50 yet. 1.40 comes before 1.50 there is no way the price would reach 1.50 before reaching 1.40.
Make your losses in demo. Earn your profits live.
  • #4
  • Feb 27, 2014 11:37pm Feb 27, 2014 11:37pm
Quoting rockit
Have you searched the forum? http://www.forexfactory.com/showthread.php?t=455001
Worked, thanks a lot.
  • #5
  • Last Post: Feb 27, 2014 11:39pm Feb 27, 2014 11:39pm
Quoting Forexia
{quote} I don't know if that's possible because by the time when the price reached 1.50, your pending order at 1.40 would've been executed long time ago; it would've executed been executed at 1.40 and at that time the price hasn't reached 1.50 yet. 1.40 comes before 1.50 there is no way the price would reach 1.50 before reaching 1.40.
Though I've gotten the EA requested by rockit above, but just to clear your clarification.

The pending orders (1.40 and 1.50) were made when the price is currently at 1.45, so both 1.40 and 1.50 wouldn't have been hit (yet).
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