For those who trade on the news... At the appointed time, the EA places stop orders BuyStop and SellStop. The distance of placing orders from the current market prices is customizable. If after a specified time (timer) no orders are triggered, the EA will modify them. Move them back to the right distance from the market. When one order is triggered, the other is deleted. If no order is triggered within the specified period of time, both orders are deleted. For an open position it is possible to
Before news release, the EA places two pending orders at a preset distance from the current price – BUYSTOP and SELLSTOP. If the published news does not immediately cause a strong price movement, and the price starts to slowly move in a certain direction, the EA moves one of the order away, and the other one is moved closer following the price, until the price starts moving fast or the orders expire. This makes it possible to place orders as close as possible to the price (20-30 points for the
This article describes a method of finding four extremum points for drawing support and resistance levels based on them. In order to find extremums on a chart of a currency pair, RSI indicator is used. To give an example, we have provided an indicator code that displays support and resistance levels.
The market opening time greatly influences the currency pair, which leads to a rapid movement of the pair. The EA places 2 pending buy and sell orders at a specified time with certain parameters. When the KolBarExtr parameter is set, the orders are placed at the High and Low for the specified amount of bars. Otherwise the orders are placed at the distance specified in the MinDistanceSet parameter. It is possible to configure trailing. Parameters You can adjust following parameters: Type of
For those who trade on news... It may take some time, about 15 minutes, to get market's response to news release. So, the question. Is it possible to create an EA which would place orders every 5 minutes and remove orders in 20 minutes of their existence, and place them again when a new candle opens? Can orders be placed when the EA is running? For example, you wake up in the morning, see when news are going to be released, set start and end time, so you don't have to wait for it during the