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a breakout robot opens a buy pending order time 08:00.00hrs price 1.00000 the price at which the breakout robot has set as the breakout price is important. It is saying this is the place price is expected to breakout. So with the Multi Pending Order EA i am tryring to capture as many pips as i can when it does breakout..
The Multi pending Order EA should have two types of pending order execution
In category A whatever input(lot,distance,TP,SL,BE,TS) i place should be executed immediately.
Category A should be able to execute up to a maximum of 5 pending order. Each pending order should have its
own variables. Example
Category A Pending order # 1 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
Category A Pending order # 2 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
Category A Pending order # 3 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
Category A Pending order # 4 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
Category A Pending order # 5 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
Category B pending orders have to wait twice before being executed. First they wait for the breakout pending order to be activated by open price. From time of the breakout pending order being activated by open price it waits again ,according to the time i would have set it to wait, to now open a pending order. So initial breakout pending order by other robot opens a pending order at 08:00.00Hrs .Open price activates it at 11:15.00Hrs. If i told a cat B PendOrder to place a PO after 45 min.it will execute PO at 12:00.00Hrs.This is very important what i have written in sentence above
Category B Pending order # 1 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
-TIME sec/minutes
Category B Pending order # 2 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
-TIME sec/minutes
Category B Pending order # 3 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
-TIME sec/minutes
Category B Pending order # 4 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
-TIMEsec/minutes
Category B Pending order # 5 - TP take profit
- SL stop loss
- BE break even
- TS trail stop
- Distance Pips from breakout point set by breakout robot
-TIME sec/minutes
1.00500 pending order price for order #5 no pending orders to open above this price Any pending that are repeated should open the pice at the same price at which the pending order which closed that it is trying to repeat or replace
1.00400pending order price for order #4 any replacing order to be done at this price if this order was activated and closed because of retracement
1.00300 pending order price for order #3any replacing order to be done at this price if this order was activated and closed because of retracement
1.00200 pending order price for order #2 any replacing order to be done at this price if this order was activated and closed because of retracement
1.00100 pending order price for order #1any repeat replacing pending order only to be done at this price if previous pending closes at open price retraced below the first transaction price
1.00000 this is price for first transaction the price at which breakout robot has deternmined is the break out point
if open price goes above the break out point and activates all or some of the pending orders and then open price retraces below the breakout point. The Multipending Order EA should replace any order that closed when price retraced.The pending order replaced should be repeated at the same price as the previous order which was closed. The repeat orders should use the time the first one closed as the time it should use to count for it to reopen. Example if pending order 1 hadbeen input to open 45mins the replacing order should wait 45 mins from time transaction it is replacing closed
When the breakout transaction opened by the breakout robot closes. What ever transactions theMultipending Order EA opened in relation tothat transaction must all close.