Pending Order bot. If you have any feature requests or suggestions, share them here.

71 downloads. No comments. No reviews. No support whatsoever for this FREE "premium" Bot. Wont be doing anymore

Free one did not have trailing stop. This new version has (2.2)

The EURUSD M5 test results are not satisfactory. Is there a more reasonable setting?

Thank you for taking the time to share your thoughts. I'm currently running the optimizer on EUR/USD and will let you know if I come across anything interesting."

I didn’t find anything particularly noteworthy, but USD/JPY showed slightly better performance.

EUR/USD seems less dynamic in comparison. It might be worth exploring gold or another instrument.

The image shown was of USD/JPY."

 TriggerGuard doesn’t necessarily need to be applied as a one-size-fits-all strategy.
 Specifically, EUR/USD tends to exhibit increased volatility during major economic news releases or market-moving data, which can lead to more significant price fluctuations.
 Understanding these periods of heightened volatility can help optimize the strategy by adjusting parameters accordingly, rather than applying it uniformly across all market conditions.

You could run the bot as inverse , where stop orders are converted into limit orders.
The idea is to use the standard strategy during major economic news releases or when EUR/USD is trending, while switching to the inverse approach when the pair is ranging.

For example: if the bot is set to place orders 100 pips from the current price, it would normally create two pending orders: a buy stop and a sell stop. If you inverse, the buy stop would become a sell limit, and the sell stop would become a buy limit, allowing the strategy to take advantage of price reversals in range-bound markets.
If you're interested in using this approach, I’d be happy to show you how to do it. If more traders find this useful, I could also consider adding it as a feature in the next version.

Traders, this bot is a useful transferable tool for price action strategies, allowing you to effortlessly set traps in the market. It works flawlessly, so don't get confused with a blanket strategy. You can execute the bot during corrections in a descending channel, against impulse waves, or according to your specific strategy. The bot sets traps a certain distance in pips from the price using pending orders, enabling you to target key levels such as support and resistance, Fibonacci retracement levels, or breakouts from consolidation zones. Its a nice tool to have in your toolbox