if (OrderType OP_sell OrderSymbol Symbol hh1; if (OrderType OP_BUY OrderSymbol Symbol dd1;. Buy Stop is a pending order to buy a currency pair (open a long position) at a level, which is above the current price. Basically, a buy limit order lets you enter a trade at a better rate than currently available. Stop pending orders on Forex, buy-stop and sell-stop orders are radically different from limits, as in this case, the trader places an order at the "worst" price,.e. In particular, it should be remembered that when placing any pending order, you can immediately set the take-profit and stop-loss. Pending Order, pending Order is an instruction of the Client to open a trading position in the case when the price reaches a pending order. Pending orders help traders to automate free android phone wallpaper download the process of trading and to remain in the market while being not in front of their Forex terminals.
Pending order grid Expert Advisor for MetaTrader 4 Platform. M is a Collections of Forex Best Indicators, Forex Best Strategies, Forex Best Robot EA, Forex Best Ebooks for Forex Learning Courses, Newbie and Pro Both can profit from it for. Pending Orders are applied in many Forex strategies for entries in positions. However, many Forex traders neglect it, preferring Market Executions. Lets look at an example with a candle that is marked with an arrow below it: Lets say any your indicator or fundamental/technical analysis or anything else.
It makes no sense to schematically display an algorithm for constructing the grid, since it is impossible to come up with an easier strategy, especially taking into account that there are several of its modifications today, including using trading robots. The "worst" is a relative concept, which is used only for a brief description of the price, but in fact the trader misses the unfavorable situation and loses nothing, just changing approach to trading. Sell Stop is a kind of a pending order used to sell a currency pair (open a short position) at a level, which is below the current price. We can only note that the main advantage of the stop grid is that most of the orders there are opened along the trend.
Sell Limit should be used when you want to sell a currency pair (open a short position) at a level, which is above the current price. It is automatically triggered whenever the price reaches a designated level. In this case, the current price level should be higher than the value of the opening level of the transaction. We should remind you that any action of the trader is nothing more than an order to your broker to conduct certain operations, so at any given time a speculator or investor always has two options: either to make transactions at current prices, or wait. In the strategies mentioned today, this restriction of the dealing center has almost no effect on the result, but during the setting of stop-loss it can seriously degrade the results of intradayers that set the short stops, but this, as they say, is another story. Like a buy limit order, a sell limit order lets you enter a trade at a more favorable rate than the current market offers. The figure below shows a theoretical example of what actions a trader could take when trading with the aforementioned method: A fundamentally different approach is an attempt to catch a new trend at the reversal of the former: in this case, the reversal should. This group includes such well-known strategies as "Breakthrough of the morning flat" and "London bombings the logic of which is very simple: the trader recognizes flat and then sets the buy-stop and sell-stop orders behind the upper and lower range respectively, for example: What else. break; if(OrderSymbol!Symbol OrderType OP_sell) continue; /- if(OrderProfit 0) break; if(OrderProfit 0) losses; if(losses 1) /- return lot size if(lot.1) lot0.1; if(lot 10) lot10; return(lot, tRUE, forex). The way they are used or why they are used at all is not that obvious compared to the standard trading orders.
Now you should be able to use pending orders without too much trouble. Almost all trading platforms allow setting a take-profit as a simple parameter of a position.