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Tool to automatically execute trade

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risef
8
risef  

Hi,

Is there a way to set a trade (similar to what you usually do with buy/sell limits or buy/sell stops) in such a way that it only executes "on the way back"? E.g. If the price is currently at 0.900, I would like to set a trade at say, 0.950 but I only want the trade to execute on the way DOWN. So it should allow the price to go up PAST 0.950 without executing the trade and only when the direction of price movement changes and the price starts moving DOWN PAST 0.950 should it execute.

Tjipke de Vries
6325
Tjipke de Vries  
risef:

Hi,

Is there a way to set a trade (similar to what you usually do with buy/sell limits or buy/sell stops) in such a way that it only executes "on the way back"? E.g. If the price is currently at 0.900, I would like to set a trade at say, 0.950 but I only want the trade to execute on the way DOWN. So it should allow the price to go up PAST 0.950 without executing the trade and only when the direction of price movement changes and the price starts moving DOWN PAST 0.950 should it execute.


There is a way,create EA wait for price reach level 0.950 + xx pips and place then pending stopsell at 0.950
SYED NAUFAL GADDAFI
1401
SYED NAUFAL GADDAFI  
risef:

Hi,

Is there a way to set a trade (similar to what you usually do with buy/sell limits or buy/sell stops) in such a way that it only executes "on the way back"? E.g. If the price is currently at 0.900, I would like to set a trade at say, 0.950 but I only want the trade to execute on the way DOWN. So it should allow the price to go up PAST 0.950 without executing the trade and only when the direction of price movement changes and the price starts moving DOWN PAST 0.950 should it execute.


You have to make your own EA then. That's the way we all do for custom trade executions.
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