This EA demonstrates the use of a Virtual Pending Order class library (VirtPndOrds.mqh) by means of a scalping program. The implementation of simulated Buy Stop and Sell Stop orders enables pending orders to be executed when the price and/or an indicator value exceeds specified thresholds. In addition, the threshold testing of the Buy/Sell Stop order may be done at either a new bar or at a new tick . The library also supports simulated Buy/Stop Limit pending orders . This method gives much more flexibility in dealing with pending orders.
The scalping program runs on a M1 EURUSD chart. Stop orders are initiated when the Stochastic value crosses a first limit line. The Buy/Sell Stop orders are then executed when the Stochastic value exceeds a second limit line (higher for Buy orders) and when the price also changes by a set value in pips. Filtering by trend behavior is used to improve performance. The scalping demonstration program only works well for low spreads (<0.50 pips).
It's a two (2) pairs correlation system to use 3 currencies for make 2 pairs to open hedge orders on those. Expert starts opening four orders for each couple (2 plus and 2 minus) and wait to move prices in one direction to make a grid of orders Please visit the product's page for more information: https://www.mql5.com/en/market/product/34112TokyoSessionEA
It's an expert to use price action and trade level to open each order. The expert can trade up 12 pairs, uses the corresponding default setting for each pair. Default settings are good for EURUSD pair and IC Markets broker. For more information, please visit product's page: https://www.mql5.com/en/market/product/43249