View Single Post
  #5 (permalink)  
Old 04-24-2008, 09:21 AM
pgtips pgtips is offline
Freshman
 
Join Date: Mar 2007
Posts: 14
Thanks: 0
Thanked 0 Times in 0 Posts
pgtips is on a distinguished road
Default

Thanks for the reply, hopefully this will help :-)

Pre set conditions
Lot size already pre entered in the EA i.e 0.8
TP 30 entered into EA
SL 30 entered into EA

Indicator on my chart
MA5 = Moving Average 5
Period 5, Shift 1
MA method smoothed, apply to Median (HL/2)

Order Open conditions

(2 x EAs ??)

Place Buy EA
EA open buy order if price = MA5 price +/- 3 pips
then open a buy order
else do not place and continue to monitor

Place Sell EA
EA open sell order if price = MA5 price +/- 3 pips
then open a sell order
else do not place and continue to monitor

If orders open => 1 then do not place order

Close conditions
Manually (if I change my view on the market) I will remove the EA from my chart so no orders will be placed.

Hope this makes it clearer.

PG
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now