Experts: 20 Pips Opposite Last N Hour Trend

[Automated-Trading]

20 Pips Opposite Last N Hour Trend:

Trading against the trend direction as of N hours ago.

Author: Vladimir Karputov

[Joseph Kisakye]

Automated-Trading:

20 Pips Opposite Last N Hour Trend:

Author: Vladimir Karputov

Does this EA use any indicators to determine the entry of first order

[Vladimir Karputov]

Joseph Kisakye # :

Does this EA use any indicators to determine the entry of first order

This EA does not work with pending orders at all.

Explore the help: Basic Principles

Before you proceed to study the trade functions of the platform, you must have a clear understanding of the basic terms: order, deal and position.

• An order is an instruction given to a broker to buy or sell a financial instrument. There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels.
• A deal is the commercial exchange (buying or selling) of a financial security. Buying is executed at the demand price (Ask), and Sell is performed at the supply price (Bid). A deal can be opened as a result of market order execution or pending order triggering. Note that in some cases, execution of an order can result in several deals.
• A position is a trade obligation, i.e. the number of bought or sold contracts of a financial instrument. A long position is financial security bought expecting the security price go higher. A short position is an obligation to supply a security expecting the price will fall in future.

[Joseph Kisakye]

Vladimir Karputov #:

This EA does not work with pending orders at all.

Explore the help: Basic Principles

Before you proceed to study the trade functions of the platform, you must have a clear understanding of the basic terms: order, deal and position.

• An order is an instruction given to a broker to buy or sell a financial instrument. There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels.
• A deal is the commercial exchange (buying or selling) of a financial security. Buying is executed at the demand price (Ask), and Sell is performed at the supply price (Bid). A deal can be opened as a result of market order execution or pending order triggering. Note that in some cases, execution of an order can result in several deals.
• A position is a trade obligation, i.e. the number of bought or sold contracts of a financial instrument. A long position is financial security bought expecting the security price go higher. A short position is an obligation to supply a security expecting the price will fall in future.

Thanks for the clarification Vladimir;

So, what criteria or strategy does the EA use to enter positions or execute trade obligations!?

[Vladimir Karputov]

Joseph Kisakye #:

Thanks for the clarification Vladimir;

So, what criteria or strategy does the EA use to enter positions or execute trade obligations!?

Trading against the trend direction as of N hours ago. Only one position a day can be opened at a certain hour.

[Joseph Kisakye]

Vladimir Karputov #:

Trading against the trend direction as of N hours ago. Only one position a day can be opened at a certain hour.

Oh, thank you