Dislikedhi ardi apologees for my disapearance i tried the last ea you posted and it seems to set the trades right but it still doesn't set the SL and TP. {image} also is it supposed to close the other pending order when the first is triggered? it doesn't do that either and that would be really helpfull if it was happening. looking forward for your reply. I hope this thread doesn't die. it looks like it's only me and you ardi.Ignored
No problem. No SL and TP will be set explicitly to the order, as I explained before.
The only problem is, when you start the script, we should not close the MT4 apps, because the script will keeps running over time until it is closed. The closure, is after one trade is closed, not triggered.
Most of people never interested in automated trading (read: never trust), and most of people just want to get profit big and quickly (I am one of them), then get out from it. That is the reason nobody interested in this system / method. But I will not let the thread die anyway, because this method is interesting to me. The key thing is, we just need to find the exact formula. The key formula is:
- Pairs
- Time of execution
- TP
- SL
- Open order type, whether LIMIT or STOP
To be honest, if you see on my tradeexplorer (on top) it shows minus (MS EURUSD and MS XAU Morning), indeed. Because I've never tested that formula before. But don't say it is not profitable...
MS XAU Morning definitely there's a chance to recover. But MS EURUSD, since it was attached with 2 formulas, need to see for a couple weeks next.
It worked with this:
XAU/USD, 06:00am GMT, TP: 50, SL:500, STOP order = true. I spent 3 months to find this formula. Basically for XAU/USD, the Volume based on Balance, you can play with 0.01, or maybe higher at 0.16 (I do set my live trading to that), but actually the potential is you can set arround 0.03. You'll get 1 time of LOSS (could be per month or per 2 months, I need to confirm that after more than 1 year doing this).
Avoid holidays, avoid NFP (although NFP is good, but sometimes it builds false signal by touching high and low of the day). My EA doesn't have the logic to avoid holidays and NFP.
Cheers...