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Hi there,
I would like an EA with the following features
let's say I am trading the EURUSD.
-every hour, 30 min or 15 minutes ( at the opening of the candle basically) the EA would place 2 pending orders (1 sell stop order and 1 buy stop order)
-I would be able to decide where to place these 2 orders (examples 10 pips above the opening price for the buy stop and 10 pips below the open for the sell stop)
-for these 2 orders, i would like to specify a take profit and a stop loss
-if one of the 2 orders is triggered, the other one is automatically cancelled
-if none of the 2 orders is triggered before the end of the current hour, both are cancelled and 2 new pending orders are placed at the opening of the next H1 bar with the same features (same distance from open in pips, same stop loss and same take profit)
-if one order is triggered but the price does not reach either the specified SL or TP before the end of the hour, I would like the order to close automatically at the opening of the next H1 bar or keep the order open with the same specified TP and SL for an additional hour (or 2, or 3 or 4 etc)
so let's imagine that at 11.55 a.m., I place this EA on an hourly EUR/USD chart with a 20 pips distance from the open, a 10 pips SL and a 10 pips TP:
5 minutes later, at 12.00, the price of EUR/USD is 1.2000. at that point, 2 pending orders are placed :
-a buy stop order at 1.2020 with a take profit at 1.2030 and a stop loss at 1.2010
-a stop loss order at 1.1980 with a a take profit at 1.9990 and a stop loss at 1.1970
if none of these 2 orders are triggered before the end of the hour, they are both cancelled and replaced by 2 new pending orders at 1.00 p.m with the same characteristics (20 pips distance from the open, a 10 pips SL and a 10 pips TP)
Let's say the buy stop order is triggered before the end of the hour. the sell stop order is then cancelled automatically and the buy stop order will remain until the price reaches TP (1.2030) or SL (1.2010). if neither the SL, nor the TP has been reached, i can choose between automatic close at the open of next H1 hour or keep the order running for an additional hour (or 2 or 3 hours).
Lastly, if one order is triggered, the EA should prevent rthe opening of any new order so that I will never havemore than one order open at a given time.
If you have any question please let me know
I would like an EA with the following features
let's say I am trading the EURUSD.
-every hour, 30 min or 15 minutes ( at the opening of the candle basically) the EA would place 2 pending orders (1 sell stop order and 1 buy stop order)
-I would be able to decide where to place these 2 orders (examples 10 pips above the opening price for the buy stop and 10 pips below the open for the sell stop)
-for these 2 orders, i would like to specify a take profit and a stop loss
-if one of the 2 orders is triggered, the other one is automatically cancelled
-if none of the 2 orders is triggered before the end of the current hour, both are cancelled and 2 new pending orders are placed at the opening of the next H1 bar with the same features (same distance from open in pips, same stop loss and same take profit)
-if one order is triggered but the price does not reach either the specified SL or TP before the end of the hour, I would like the order to close automatically at the opening of the next H1 bar or keep the order open with the same specified TP and SL for an additional hour (or 2, or 3 or 4 etc)
so let's imagine that at 11.55 a.m., I place this EA on an hourly EUR/USD chart with a 20 pips distance from the open, a 10 pips SL and a 10 pips TP:
5 minutes later, at 12.00, the price of EUR/USD is 1.2000. at that point, 2 pending orders are placed :
-a buy stop order at 1.2020 with a take profit at 1.2030 and a stop loss at 1.2010
-a stop loss order at 1.1980 with a a take profit at 1.9990 and a stop loss at 1.1970
if none of these 2 orders are triggered before the end of the hour, they are both cancelled and replaced by 2 new pending orders at 1.00 p.m with the same characteristics (20 pips distance from the open, a 10 pips SL and a 10 pips TP)
Let's say the buy stop order is triggered before the end of the hour. the sell stop order is then cancelled automatically and the buy stop order will remain until the price reaches TP (1.2030) or SL (1.2010). if neither the SL, nor the TP has been reached, i can choose between automatic close at the open of next H1 hour or keep the order running for an additional hour (or 2 or 3 hours).
Lastly, if one order is triggered, the EA should prevent rthe opening of any new order so that I will never havemore than one order open at a given time.
If you have any question please let me know
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