EA - Open new orders

Hi,

I am still a newbie at coding and are slowly making progress with the self-empowerment process - but still have a long way to go. Having played around with some EAs, their coding and performance, I have a question (and maybe it's a stupid one!): If an EA has, for example, opened a buy trade and the TP is some distance away (say 100 pips), the EA does not allow further buy trades to be opened until the opened buy order has been closed. This applies, even though the conditions in the EA have been met to open a further buy trade.

How can I amend the EA in order for it to open further buy trades (or even sell trades, assuming the broker allows simultaneous opened buy and sell trades) even though opened buy trades have not been closed out by TP or SL? Thank you for your assistance.

Regards,
zaguy

depends on how the controls were coded.

for example, if the order were control by using total number of order place at one time (say the limit is only one order allowed at all time), then by increasing the numbers allowed, you will have more order placed.

another example, if the control is based on bar, for example one order per 1 hour bar, then by changing the which TF to follow, more order can be placed.

one important point, you need to determine what are your requirement for placing the next order properly (when to place orders and when are not). placing order is easy, but to control the EA to only do what you want is something else if were not thought carefully. without proper control, the EA can keep placing orders in matter of millisecond and ruin your account.

basically, when you're coding an EA, you need to consider what makes the EA to place an order and what makes the EA stop placing order afterwards.

hey zaguy!

If you don't mind sharing your code, would be much easier for us to assist? or even just the specific lines you are having trouble with.

P.S. where in SA are you from?

Regards

Vlad

Hi Vlad,

I am from Richards Bay, some 180kms north of Durban along the South African North Coast.

Regards,
Coenraad

Hey mate!
If u want to allow only 1 open trade just check value of OrdersTotal() function and deny to open new trades.
If u want to control long and short trades separetly just count open trades each type with circle and deny longs or shorts.