This is one trade i do not like.. major resistance, dollar is weak.. hmm.. lets see how it goes!
Simplicity is the Ultimate Sophistication
- #464
- Apr 7, 2017 6:54am Apr 7, 2017 6:54am
- Joined Sep 2011 | Status: Trader | 1,252 Posts
This EA is for anyone who cannot get ZenTraderEAvo5 to work.
This EA as a break even and take profit and loss. I've just started testing it profit 100 loss 100 break even 50. Anyone using it, please let us know how you are doing.
All you have to do is put the numbers in the setting . And manually open your trade,
This EA as a break even and take profit and loss. I've just started testing it profit 100 loss 100 break even 50. Anyone using it, please let us know how you are doing.
All you have to do is put the numbers in the setting . And manually open your trade,
###ZenTraderEAV06
When the last candle before London opening starts, ea puts a BuyStop & SellStop order. When price hits one of these pending orders, ea immediately deletes the other pending order and sets a stop loss and take profit in accordance with actual order open price.
--------------------------------------------------------------------------------------------------------------------------------
What's new in this version?
Some minor improvements in code to run faster.
Add comments on screen
-----------------------------------------------------------------------------------------------------
LondonSessionOpeningTime = 10:00 for icmarkets mt4 server time (gmt+3)
TakeProfit = 10 (unit is pip, default = 10 pips)
StopLoss = 15 (unit is pip, default = 15 pips)
EmphasizeCommission = true (if true, in order to achieve 10 / 15 pips win/loss ratio, ea adds commission to Take Profit and subtract it from Stop Loss. New TP = TP + Commission, New SL = SL - Commission)
EnableBreakEven = true (if true, ea moves Stop Loss to Break Even after X pips price movement in your favor, default = 8 pips)
Leverage = 10 (for every 1,000$ account balance , ea opens 0.10 lot) (risk is only % 1.5 of of your account balance)
MinVolume = 0.01 (minimum allowed lot size)
MagicNumber = 1 (should be greater than 0 . If there is another ea running with this magic number, change this ea magic number to a different number)
MaxSpread = 0.5 pips (change it if your spread is higher)
*** Use it only in 1H EURUSD Chart
*** EA opens just one trade per day. If stop loss hits and you want to recover your loss by a triple lot size, you have to trade manually.
*** LondonSessionOpeningTime should be set to London opening time . It's 7.00 gmt+00. Since all brokers don't use gmt+00, you have to change it in accordance with your mt4 Market Watch Time. Speaking for icmarkets , it's 10:00 (gmt+3)
Market Watch Time
*** Please try this ea in demo account first.
How To Find The Right LondonSessionOpeningTime
@ forexfactory home page, click on time options
Change TimeZone till it matches with your mt4 market watch time (DST OFF)
Check time again. Be sure that it is synchronized with your mt4 market watch time.
Find the box that shows trading sessions at the bottom of the home page. Find the London Opening Time and enter the value in to LondonSessionOpeningTime parameter
When the last candle before London opening starts, ea puts a BuyStop & SellStop order. When price hits one of these pending orders, ea immediately deletes the other pending order and sets a stop loss and take profit in accordance with actual order open price.
--------------------------------------------------------------------------------------------------------------------------------
What's new in this version?
Some minor improvements in code to run faster.
Add comments on screen
-----------------------------------------------------------------------------------------------------
LondonSessionOpeningTime = 10:00 for icmarkets mt4 server time (gmt+3)
TakeProfit = 10 (unit is pip, default = 10 pips)
StopLoss = 15 (unit is pip, default = 15 pips)
EmphasizeCommission = true (if true, in order to achieve 10 / 15 pips win/loss ratio, ea adds commission to Take Profit and subtract it from Stop Loss. New TP = TP + Commission, New SL = SL - Commission)
EnableBreakEven = true (if true, ea moves Stop Loss to Break Even after X pips price movement in your favor, default = 8 pips)
Leverage = 10 (for every 1,000$ account balance , ea opens 0.10 lot) (risk is only % 1.5 of of your account balance)
MinVolume = 0.01 (minimum allowed lot size)
MagicNumber = 1 (should be greater than 0 . If there is another ea running with this magic number, change this ea magic number to a different number)
MaxSpread = 0.5 pips (change it if your spread is higher)
*** Use it only in 1H EURUSD Chart
*** EA opens just one trade per day. If stop loss hits and you want to recover your loss by a triple lot size, you have to trade manually.
*** LondonSessionOpeningTime should be set to London opening time . It's 7.00 gmt+00. Since all brokers don't use gmt+00, you have to change it in accordance with your mt4 Market Watch Time. Speaking for icmarkets , it's 10:00 (gmt+3)
Market Watch Time
*** Please try this ea in demo account first.
How To Find The Right LondonSessionOpeningTime
@ forexfactory home page, click on time options
Change TimeZone till it matches with your mt4 market watch time (DST OFF)
Check time again. Be sure that it is synchronized with your mt4 market watch time.
Find the box that shows trading sessions at the bottom of the home page. Find the London Opening Time and enter the value in to LondonSessionOpeningTime parameter
{quote} I've deleted the pending orders manually. Strategy depends on Berlin @ London open momentum. Two hours have passed and no pending orders have been triggered. Next ea version will support order expiration.
