Multiple limit orders in opposite directions | Forex Factory

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Multiple limit orders in opposite directions

  • #1
  • First Post: Mar 24, 2014 5:16am Mar 24, 2014 5:16am
Hi everybody,
I am looking for a script/EA to enter multiple limit orders in opposite directions. Basically what I want it to do is:

long x/y pair at 1.0000 with a sl at 0.9970 and tp at 1.0030 then place a limit sell at 0.9970 with sl at 1.0000 and tp at 0.9940.
size of orders, tp and sl should be adjustable. if tp is hit remaining limit order will be canceled. if sl is triggered, going to reverse again.

unfortunately the ones I found on the internet just keeps adding to current position instead of reversing

Thanks
  • #2
  • Mar 24, 2014 5:34am Mar 24, 2014 5:34am
Quoting Waterfall
Hi everybody, I am looking for a script/EA to enter multiple limit orders in opposite directions. Basically what I want it to do is: long x/y pair at 1.0000 with a sl at 0.9970 and tp at 1.0030 then place a limit sell at 0.9970 with sl at 1.0000 and tp at 0.9940. size of orders, tp and sl should be adjustable. if tp is hit remaining limit order will be canceled. if sl is triggered, going to reverse again. unfortunately the ones I found on the internet just keeps adding to current position instead of reversing Thanks
If the current price is 1.00000, you cannot place a limit sell at 0.9970
Please Do Not PM Me With Coding Enquiries
  • #3
  • Mar 24, 2014 6:02am Mar 24, 2014 6:02am
maybe I used the wrong word, sell stop?
i just want to it to open a position in the opposite direction once sl has been reached
  • #4
  • Mar 26, 2014 7:17am Mar 26, 2014 7:17am
still searching but no luck so far.
Does anyone know of an EA that automatically opens a position in the opposite direction right after sl has been reached?
  • #5
  • Mar 26, 2014 7:31am Mar 26, 2014 7:31am
what should be the condition for the first trade?

example: if rsi>50 open first buy order (or if rsi < 50 open sell order).
what is if tp is hit? open opposite trade also?
PM me with coding requests and I'll probably put you on my ignore list
  • #6
  • Mar 26, 2014 7:44am Mar 26, 2014 7:44am
Hi,
I will be opening the first position (manually)..ea's job will be to keep reversing positions (and increase trade size) until hit tp..once tp is hit ea will stop working until I open a new position
  • #7
  • Mar 31, 2014 2:22am Mar 31, 2014 2:22am
Quoting fxdaytrader_
what should be the condition for the first trade? example: if rsi>50 open first buy order (or if rsi < 50 open sell order). what is if tp is hit? open opposite trade also?
i noticed you mention about "mptm" in another thread but that didnt do the work i want..it can open new positions once the current position becomes -20 pips for example but since i am trading on oanda i cant use it...ea should open a new position in the opposite direction right after sl is hit.
  • #8
  • Sep 3, 2015 4:37am Sep 3, 2015 4:37am
@Waterfall,
I was looking for the same script/EA.
Please let me know if you found any. Thanks
  • #9
  • Sep 3, 2015 7:41pm Sep 3, 2015 7:41pm
Hi Waterfall,

You can try this EA. I think the EA will have to put the first trade on so that may not suit you but it will reverse the trade with the right settings.
Attached File(s)
File Type: mq4 Master Mart Max Levels v2.mq4   10 KB | 801 downloads
  • #10
  • Last Post: Sep 4, 2015 9:04am Sep 4, 2015 9:04am
Hi All

I am looking for EA to modify all open position to same Stop Loss for example I am in profit 5000 $ before fundamentals or some special action on the day and before this news I need to move all stop losses to same are from actual price. And then I can protect my profit. Cause I have not time to modify 100 orders at same time.

I am usin Buy and Sell multipleOrdersSkritp to open orders And I would like to no close all but just modify all to same SL for all open position on all pairs

can you please help me with this action which is very helpful I suppose for all of us

Sincerely Janec
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