Experiece with this Stop Order Strategy

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Greetings to all

A while in the past I noticed the thread ( http://www.forexfactory.com/showthread.php?t=515093 I thank ForexInblood person)

I examined guidelines Manually and with the assistance of Grid of Metatrader
It appears that evidently the strategy may very well be helpful.

I've determined that create skilled by this technique.

when you have expertise to enhance technique, Please Inform it
Due to skilled will probably be shared after finishing & confidently

Be wholesome and rich

************************************ RULES ****************************************
EA will open 10 BUY STOP orders & 10 SELL STOP orders. ( changeable no of orders)
Taking orders 10 Pips from the market value/or given value ( changeable )
Take revenue 10 pips & cease loss 20 pips ( changeable).
we have now to check that EA which danger reward ratio give us good end result thats why TP and SL needs to be changeable ..

Now, if value triggers BUY STOP & hit take revenue, as quickly as this Order closed
1> EA will Add a New SELL STOP simply above these older Promote Stop orders sustaining the identical
distance 10 pips.

2> On the similar time it can take away a Promote Stop Order from the underside of these
older Promote Stops.

3> EA will add a New BUY STOP order simply above these older Purchase Stops preserving
the identical distance 10 pips.

4> So long as market will go to the identical course and hit take revenue, EA will
maintain proceed the foundations.

> If value triggers SELL STOP first, then reverse guidelines will probably be utilized ( I hope it is easy so that you can perceive )

>>> Now, if value comes again & hit cease loss then EA will add a BUY STOP Simply bellow the earlier purchase cease order
sustaining the identical distance 10 pips.

>>> And simply reverse guidelines will probably be utilized if value comes again after hitting a Promote Stop & hit cease loss.

Variety of Pending orders all the time will probably be 10+ 10 = 20 (changeable)
**************************************************************************************

Little change is:

if value triggers BUY STOP & hit take revenue, as quickly as this Order closed
1> EA will Add a New SELL STOP slightly below that TP(distance 10 pip)

if value triggers SELL STOP & hit take revenue, as quickly as this Order closed
2> EA will Add a New BUY STOP simply above that TP(distance 10 pip)

and the identical ruls for SELLSTOPLOSS and BUYSTOPLOSS

Take a look at end result 4 Pairs + 420pip
Connected Pictures (click on to enlarge)

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.