the best news trading EA
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and sell.
It is very useful when trading news events because you can program your date / time that you want your
pending orders placed.
If the market moves up / down one of the pending orders will be triggered and a trade will be placed.
Introduction
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With the EA you will be a able to set a time and date that 2 or more pending orders will be placed, buy
and sell.
It is very useful when trading news events because you can program your date / time that you want your
pending orders placed.
If the market moves up / down one of the pending orders will be triggered and a trade will be placed.
Settings
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The following can be configured in the EA:
1. next date and time to place pending orders.
2. profit, stop-loss and step.If using a 4 digit broker 10 will equall 10 pips, if using a 5 digit broker
, add a 0 (zero), so 10 pips will equall 100, etc.
step is the number of pips above and below the current price that the pending orders will be placed.
3. lot size and expiry time.
expiry time in in seconds, the default is 900 seconds which equalls 15 minutes, check or try with your
broker if less than 15 minutes can be used, if pending trades are not placed the expiry time might be
too low.
4. your own comment displayed on the chart.
5. number of pending orders to place.Use this in mutip[les of 2, IE 2 or 4 or 6, etc ...
example: if the setting is 2 it will place 1 buy and 1 sell pending order, if the setting is 4 it will
place 2 buy and 2 sell pending orders, etc ...
6. If during the minute that the EA is active and the market goes crazy up and down and the pending orders
are triggered and then closed the EA will automatically open new pending orders according to the number
of pending orders set - see point 5.
some helpful info
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Do not make step to low, 10 pips is about the minimum, you can go higher you risk the orders not being
triggered.
Do not make the take profit to big (dont be gready), if you are sure the market will make a big move then
set take profit higer.
If you want to manually manage your orders then set the take profit and stop loss to high levels (50 pips)
and close the orders when you like.
The EA will also show: number of pending buy / sell stops and total pending orders, and current spread.
This Ea will work for 4 or 5 digit brokers.
http://sites.google.com/site/dmweadev/home/pending-time-ea