Is it possible for an mt5 ea to perform this task...?
Hi, i am new to bots and have a question...
Is there a bot available to perform the following, otherwise would it be possible to create this?
To place a buy stop and sell stop order x pips/points above and below the opening price of a particular candle?
For example lets say i want to buy dax germany 40 at 50 points above the market opening price (8am candle london time), and sell 50 points below. Placing a stop loss at the opening price, and lets say a take from of 1R or 2R (a further 50 and 100 points away respectively).
Or the same as above using nas 100, using the opening price of 2.30pm london time (9.30am NY).
Hope this makes sense, thanks
There's probably a bracket order bot out there that does something like this. I'll leave searching for it to you.
It's possible to create this but depending on your broker-dealer's allowed order types, you'll likely need a stop order in one direction and a limit order opposing it.
Also, the bot should auto-evaluate your broker-dealer's minimum stop distance to make sure it's less than 50 points/5 pips. I trade real futures so I really can't guess about CFD specs.
Yes, an EA can do that!
To learn MQL programming, you can research the many available Articles on the subject, or examples in the Codebase, as well as reference the online Book and Documentation
If you do not want to learn to code, that is not a problem. You can either look at the Codebase if something free already exists, or in the Market for paid products (also sometimes free).
However, recommendations or suggestions for Market products are not allowed on the forum, so you will have to do your own research.
Finally, you also have the option to hire a programmer in the Freelance section.
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Hi, i am new to bots and have a question...
Is there a bot available to perform the following, otherwise would it be possible to create this?
To place a buy stop and sell stop order x pips/points above and below the opening price of a particular candle?
For example lets say i want to buy dax germany 40 at 50 points above the market opening price (8am candle london time), and sell 50 points below. Placing a stop loss at the opening price, and lets say a take from of 1R or 2R (a further 50 and 100 points away respectively).
Or the same as above using nas 100, using the opening price of 2.30pm london time (9.30am NY).
Hope this makes sense, thanks