MULTIPLE ORDERS UTILITY
Multiple Orders Utility is created to give easy profits-making trades with a little movements and without going long distance to get it all.
This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction
on the same currency pair simultaneously.
The idea behind it, is that instead of running after 100 - 200 pips which may not likely be attainable in the record time or may NOT even be realistic, the Trader can open multiple orders at the same time choosing a short distance as Take-profit target i. e, the Trader can open 5 orders or more and choose 20-25 as PROFIT TARGET which shall be automatically applied to all the orders simultaneously. This is easy to attain than going for a long distance but yet achieve the same results in a very short time, for instance 25 pips in 5 places give you 125 pips with just 25 pips movements by the price.
As much as it is easy to use this Utility, it is also complicated in the sense that you must be sure of your market analysis and forward movements of the price before you enter trades because it may cause high draw-down except you choose both SL and TP in Ratio 1:1 or 1:2 but you MUST as a matter of fact apply your Stop loss to avoid trouble - that is called discipline (it is not a good practice to trade without Stoploss!).
To minimize the risk of this Utility, Breakeven is inculcated into it with default setting in the sense that if it moves 10 pips above the Entry price, it will reduce all the Stoploss to 5 pips behind the Entry price of all the orders. You can adjust all these settings to suit your own strategy.
As you use this Utility with caution, experience the easiest way to make money in Forex market. Use a short time, short movements with multiple orders to hit it consistently!
PLEASE PRACTICE VERY WELL ON DEMO WITH THIS UTILITY AND BE SURE TO HAVE GRABBED HOW TO USE IT EFFECTIVELY BEFORE COMMITTED IT TO REAL MONEY!
Cheers as you reap easy green pips
1.MA SL was added as a more safety measure of AUTO-PLACING the SL at the point where it is believed as almost impossible
for the price to reverse for a long time
2. Cover For Me was introduced to place SL and TP for any other opened order without the help of Multiple Order Utility
EA. You can define the empty SL and TP with any value you want.
3. Magic Number: This MUST be changed if you are to open another set of orders to prevent EA from closing the old set of
orders that was opened prematurely because of the number specified in the exact number of instant orders
That is all for now. More are to come as we make more research om how this EA could work better than it is and according
to the users' comments.
NB: Please use this EA with your DEMO account very well before committing to real money. If you got it right, believe me,
you will make a lot of profits even before one of the Sl could be hit by the reversing price.
* Codes re-written to give accurate Taker profit points and Stoploss points excludijng the spread
More updates to come in the future to improve it's performances