Experts: 20 Pips Opposite Last N Hour Trend
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.
Basic Principles - Trading Operations - MetaTrader 5 Help
- www.metatrader5.com
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...
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!?
20 Pips Opposite Last N Hour Trend:
Author: Vladimir Karputov