Hai..
I am newbie in forex exchg...and only can make profit on news time
Attached script below is useful for news trade and hedging that will place 2 pending order for buy&sell stop with TP&SL and also have adjustable distance from market price. I use it for several time but can't be used for scalping less than 2 munites . so I need somebody could modify this script as below:
let say the market price now is 1.6000 and I adjust the distance from market price is about 10pip, TP =0 and SL = 5 pip so and lot size about usd10.00
so the pending order will be:
buy stop= 1.6010 and the sell stop = 1.5990 and the SL will be 5 pip for both pending order
Let say the situation like this:
when the candle moving up during news time and touch the buy stop order, sell stop order will be close immidiately.
then at the same time, the sell limit order will be appear about 13pip from the buy stop distance (the distance of limit order should be adjustable based on buy/sell stop order according to our need).
When the market price still going up then touch the sell limit order will open with the price of usd9.99 less 1 cent than the buy stop order (hedging but have difference price 1 cent).
once the sell limit already open, the stop loss for buy order will be close immidiately, and vice versa
sory my english not so good
tq
I am newbie in forex exchg...and only can make profit on news time
Attached script below is useful for news trade and hedging that will place 2 pending order for buy&sell stop with TP&SL and also have adjustable distance from market price. I use it for several time but can't be used for scalping less than 2 munites . so I need somebody could modify this script as below:
let say the market price now is 1.6000 and I adjust the distance from market price is about 10pip, TP =0 and SL = 5 pip so and lot size about usd10.00
so the pending order will be:
buy stop= 1.6010 and the sell stop = 1.5990 and the SL will be 5 pip for both pending order
Let say the situation like this:
when the candle moving up during news time and touch the buy stop order, sell stop order will be close immidiately.
then at the same time, the sell limit order will be appear about 13pip from the buy stop distance (the distance of limit order should be adjustable based on buy/sell stop order according to our need).
When the market price still going up then touch the sell limit order will open with the price of usd9.99 less 1 cent than the buy stop order (hedging but have difference price 1 cent).
once the sell limit already open, the stop loss for buy order will be close immidiately, and vice versa
sory my english not so good
tq
Attached File(s)
Set2StopOrders breaking news.mq4
4 KB
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