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Hi, im new into Forex in general and into expert advisors tools, but im looking for a way to do the following and was told that it is possible using EA tools:
Im trading the USD/JPY and I need a way to create an order but to have it valid only when the pair reaches a certain rate.
For example, say the current rate is 99.70, i want to create a buy order with a take profit. I want to buy 1000 units at the rate of 99.30 and take profit at 99.40 (10 pips above). So far so good.. Thats a regular buy order but i want the order to go into effect only when the rate is 99.20 NOT immidietly. Because if it would go into effect immidietly it would buy the 1000 units on the way down as it crosses the 99.30 level.. Thats not what i need. I need for the rate to go 10 pips under the 99.30 level and ONLY then be created.
Hope i made myself clear :-)
Can anyone advice please?
Thank you very much, Gil.