Pair Trading Panel
The EA simultaneously triggers buy and sell orders whenever desired target 'spread' is achieved. The panel, generated by EA, allows one to select currency pair(s) to trade Buy and Sell orders at a desired lot. A target 'spread' price is entered and 'Place Order' button is clicked. As soon as the chosen target 'spread' is crossed, the EA places orders, that can be manually closed, on observing favorable conditions to exit.
Following are the inputs that should be selected in the EA's panel:
- Buy (Sell) Symbol: the currency pair symbol, wherein a buy (sell) order will be placed, on achieving the target 'spread'
- Spread Input: target 'spread' value as the difference between the Ask and the Bid of the selected symbol(s)
- Lots: lot value for each order