FX Rogue Wave Manual Breakout (bei forex_trader_20011)
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FX Rogue Wave Manual Breakout Diskussion
May 21, 2014 at 23:24
163 Angesehen
1 Replies
forex_trader_20011
Mitglied seit Oct 08, 2010
407 Posts
May 22, 2014 at 06:43
The premise of the EA is when placed on a chart, it will establish Entry and exit points based on the Highs AND lows of an established number of candles in the past. These entry points will lock in place until the EA is reset or certain conditions are met.
One order will be placed on chart if an entry line is crossed, LONG order for top entry point being crossed or SHORT order if lower entry point is crossed. Stop loss will be just before the opposing entry point or value in pips as set in the user defined variables (whichever is less).
If an order closes in loss, the EA will wait until there is a breach of the same or opposing entry point, in which a new order will be opened at the same or higher lot size based on order value sequence below. Series will repeat until last order in sequence closes in loss, EA is removed from chart, or losses recovered.
One order will be placed on chart if an entry line is crossed, LONG order for top entry point being crossed or SHORT order if lower entry point is crossed. Stop loss will be just before the opposing entry point or value in pips as set in the user defined variables (whichever is less).
If an order closes in loss, the EA will wait until there is a breach of the same or opposing entry point, in which a new order will be opened at the same or higher lot size based on order value sequence below. Series will repeat until last order in sequence closes in loss, EA is removed from chart, or losses recovered.
Mitglied seit Dec 15, 2010
795 Posts
May 27, 2014 at 06:07
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