Trend Trading System

   else if((Bid-HighestSellStopOrderPrice)>2*GridGap)
     {
      if(OpenOrdersCounter[OP_SELL]>0)
        {
         Log("Opening sell stop order as there are open sell orders, DistanceFromHighestSellStop = "+DoubleToStr(DistanceFromHighestSellStop));
         OpenSellStopOrder(GridSymbol,GridLotSize,NormalizeDouble(HighestSellStopOrderPrice+GridGap,ProductDigits),StopLossFlag?NormalizeDouble(HighestSellStopOrderPrice+GridGap+SL,ProductDigits):0,TakeProfitFlag?NormalizeDouble(HighestSellStopOrderPrice+GridGap-TP,ProductDigits):0,Slippage,MagicNumber);
        }
      else if(OpenOrdersCounter[OP_BUYLIMIT]==0)
        {
         Log("Opening buy limit order, DistanceFromHighestSellStop = "+DoubleToStr(DistanceFromHighestSellStop));
         OpenBuyLimitOrder(GridSymbol,GridLotSize,NormalizeDouble(HighestSellStopOrderPrice+GridGap,ProductDigits),StopLossFlag?NormalizeDouble(HighestSellStopOrderPrice-SL+GridGap,ProductDigits):0,TakeProfitFlag?NormalizeDouble(HighestSellStopOrderPrice+GridGap+TP,ProductDigits):0,Slippage,MagicNumber);
        }
     }

void UpdateOrdersStopLoss(string argSymbol,int argMagicNumber,int argGapFactor,double argGap)
  {
   double Difference,NewSL;
   for(int Counter=0; Counter<OrdersTotal(); Counter++)
     {
      if(OrderSelect(Counter,SELECT_BY_POS) && OrderMagicNumber()==argMagicNumber && OrderSymbol()==argSymbol)
        {
         switch(OrderType())
           {
            case OP_BUY:
              {
               Difference=MarketInfo(argSymbol,MODE_ASK)-OrderStopLoss();
               if(Difference>argGapFactor*argGap)
                 {
                  NewSL=NormalizeDouble(OrderStopLoss()+(MarketInfo(argSymbol,MODE_ASK)-OrderStopLoss()-(argGapFactor*argGap)),(int)MarketInfo(argSymbol,MODE_DIGITS));
                  Log("Difference = "+DoubleToString(Difference)+", NewSL = "+DoubleToString(NewSL)+", Gap Factor = "+IntegerToString(argGapFactor)+", Gap = "+DoubleToString(argGap));
                  AddStopProfit(OrderTicket(),NewSL, OrderTakeProfit());
                 }
               break;
              }
            case OP_SELL:
              {
               Difference=OrderStopLoss()-MarketInfo(argSymbol,MODE_BID);
               if(Difference>argGapFactor*argGap)
                 {
                  NewSL=NormalizeDouble(OrderStopLoss()-(OrderStopLoss()-MarketInfo(argSymbol,MODE_BID)-(argGapFactor*argGap)),(int)MarketInfo(argSymbol,MODE_DIGITS));
                  Log("Difference = "+DoubleToString(Difference)+", NewSL = "+DoubleToString(NewSL)+", Gap Factor = "+IntegerToString(argGapFactor)+", Gap = "+DoubleToString(argGap));
                  AddStopProfit(OrderTicket(),NewSL,OrderTakeProfit());
                 }
               break;
              }
           }
        }
     }
  }

Quoting Bobogini

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[attach]1784067[/attach please Fartist, can you help me analize this chat ,can I short it,it is Eur/cad weekly chart? {image}

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Quoting frontier008

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Dear Fartist, Recently just started to trade after stopped for many months. I am interested with your trend trading explanation on the first few pages since I don't want to sit on the screen due to working commitment. Would like to know how's your setup in recognizing these patterns buy/sell entry and how does this trend trading works? Thank you.

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Quoting Gonzalon

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Hi Fartist/cantab429, May I ask why are you recommending to short EUR/NZD, when the weekly price is above 50 EMA & monthly is above 20/50 EMA? I completely agree that the daily and 4H are trending short nicely, but weekly/monthly does not show the same.please let me know. Thanks!

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Quoting Gonzalon

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Hi Fartist/cantab429, May I ask why are you recommending to short EUR/NZD, when the weekly price is above 50 EMA & monthly is above 20/50 EMA? I completely agree that the daily and 4H are trending short nicely, but weekly/monthly does not show the same.please let me know. Thanks!

Ignored

Quoting Gonzalon

Disliked

Hi Fartist/cantab429, May I ask why are you recommending to short EUR/NZD, when the weekly price is above 50 EMA & monthly is above 20/50 EMA? I completely agree that the daily and 4H are trending short nicely, but weekly/monthly does not show the same.please let me know. Thanks!

Ignored

Quoting fartist

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Hey gang, Here's a video on Support & Resistance and how it is commonly misunderstood. I hope you understand how to use them more effectively after watching this video... https://www.youtube.com/watch?v=cfEXir1-nEs Let me know what you think fartist

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Quoting Cantab429

Disliked

{quote} Good summary on the usage and common misunderstood on support and resistance!! I like the your illustration on using an area, but defining the boundaries of that particular area becomes a separate topic and probably is more art than science.

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