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05-17-2007, 04:47 PM

fxwealth

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Sorry forgot to add one thing. If the price is too close to the target for a pending order to be placed the EA should execute an instant order when the target is reached. With my broker the pending order needs to be 10pips away from the current price.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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