- December 10, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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| Author: | dbenjume (2013.09.16 14:20) | ||
| Downloaded: | 1635 | ||
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Description:It is based on the simple idea that important news generate significant volatility. It puts two Pending Orders (Buy Stop and Sell Stop), if the Buy Stop order is activated, the Sell Stop will be deactivated automatically and vice versa. The trailing stop will go behind the sudden movement. It works great !!!. If the trade is successful it is closed by the trailing stop or take profit, else it will be closed by stop loss. The algorithm is very light, which is very important when you trade news. Fully Adjustable:
Recommendations:You must compile the source code (F5) when you re-use it in upcoming news, otherwise it will not work, because it is programmed to send only once the two pending orders. 5 seconds before the news comes out, you must enable manually the EA It is recommended to use a broker who doesn't expand too much the spread on the important news like Alpari. Symbol recommended: EURUSD. The Time Frame doesn't matter, what really matters is the time of the news. News recommended for trading: NFP, GDP reports, Interest rates decisions, Inflation reports, Trade Balance, Manufacturing PMI. Good luck !!! |
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dbenjume:
Hi there, p3nang. This error appears after closing the first trade, because this system is coded to send only one trade at a time, that error has no bearing on the outcome or in the management of the trade. You must compile the source code (F5) when you re-use it in upcoming news. I hope this explanation has been helpful, feel free to comment !!! Hi dbenjune, I mean, when I was having and floating trade, the EA is not placing any stop order. Is there any way to solve this? And, the "slippage" operation is not running well. I set it 50pips for my 5 digits broker which is 5 pips for 4 digits broker, but it never cancel order even slippage more than 50 pips. Any solution for this?
Thanks 04.12.2013 01:01 p3nang
IS there a way to change the script from placing a stop order (either buy or sell), and just have the EA open a trade when the price breaks above (buy) or below (sell) the previous day. Can the script be changed to place a market order above yesterday's high or below yesterday's low. 
TY 25.11.2013 06:00 Yentrader2
Hi there, p3nang. This error appears after closing the first trade, because this system is coded to send only one trade at a time, that error has no bearing on the outcome or in the management of the trade. You must compile the source code (F5) when you re-use it in upcoming news. I hope this explanation has been helpful, feel free to comment !!! 20.11.2013 02:36 dbenjume
Is there any possibility to let the EA works when I am having open trade? Because it return error whenever I am having open trade.
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