Order only triggered by Bid line... possible? | Forex Factory

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Order only triggered by Bid line... possible?

  • #1
  • First Post: Edited Jun 26, 2015 6:14am Jun 17, 2015 2:58pm | Edited Jun 26, 2015 6:14am
hello :-)

i have a question for people who know well mt4 and spread issue

i would like to know if you can have all your order only trigger by BID line ?

actually the BID line trigger "short sell" order and "long stoploss" order. that's normal

but i would like my expert advisor trigger "long buy "order and "short stoploss" order also by BID line.

i understand of course that i will be still served around ask price, higher than normally(bid+spread), BUT

this to fix the problem of spread widening and being put "out" by ASK line

thank you very much
  • #2
  • Jun 18, 2015 10:52am Jun 18, 2015 10:52am
ok... please not everybody in the same time !! lol ;-) . is there really no one who can answer my question ?
  • #3
  • Jun 18, 2015 6:11pm Jun 18, 2015 6:11pm
Quoting chaoshydra
ok... please not everybody in the same time !! lol ;-) . is there really no one who can answer my question ?
A suitably programmed EA/script could place orders if the bid price reaches a specified level, but even then you can only buy at the ask price and sell at the bid price. Many of the EAs that I've written do exactly that, i.e. use the bid price, relative to key chart levels, for timing their entries/exits.
  • #4
  • Jun 19, 2015 4:57am Jun 19, 2015 4:57am
hello Hanover and thank you very much for your answer.
  • #5
  • Feb 16, 2016 7:26am Feb 16, 2016 7:26am
Quoting chaoshydra
hello :-) i have a question for people who know well mt4 and spread issue i would like to know if you can have all your order only trigger by BID line ? actually the BID line trigger "short sell" order and "long stoploss" order. that's normal but i would like my expert advisor trigger "long buy "order and "short stoploss" order also by BID line. i understand of course that i will be still served around ask price, higher than normally(bid+spread), BUT this to fix the problem of spread widening and being put "out" by ASK line thank you very much
The way to do this (text in red) by using a BUY STOP Order using the Short Trade SL in place of the Ask price in OrderSend function.
Something like this :

Inserted Code
if(OrdersTotal()==1)
{
 OrderSelect(0,SELECT_BY_POS,MODE_TRADES)==false) break;
 if(OrderType()==OP_SELL)
 {
   double buy_price=OrderStopLoss();
   OrderSend(Symbol(),OP_BUYSTOP,Lots,buy_price,.........);
 }
 else
 {
   if(OrderType()==OP_BUY)
   double sell_price=OrderStopLoss();
   OrderSend(Symbol(),OP_SELLSTOP,Lots,sell_price,.........);
 }  
}
No guts, no glory
  • #6
  • Last Post: Apr 26, 2021 1:33pm Apr 26, 2021 1:33pm
Quoting chaoshydra
hello Hanover and thank you very much for your answer.
chaoshydra did u find what u need ?
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