Simple system

Hi Francois, 

It was good to see the beginnings of my strategy taking place, I am very pleased with the effort you are putting in.

Obviously, I am not your client and am not expecting you to work to a deadline... There is no rush and I appreciate you taking this project on at all.

One thought crossed my mind when I saw it in action, would it be easier for the ea to place x amount of stop orders immediately upon starting rather than adding them as the price moves?I

T

I have not forgotten about you, I am just busy with quite an involved EA at the moment, when I am done with it, I will continue with yours

I will continue on your EA from tomorrow.

Hi Tony
Here is Beat version 1.1.
It now place the Buy_Stops and Sell_Stops (As many as you selected in the inputs under Max_Buys and Max_Sells) immediately when there are no pending buy or sell orders all at once (Buy_Stops only when there are no buy pending orders and vica versa)

It will also modify the pending orders when one of the opposite orders were triggered.

Please see if this is what you had in mind, again, on a DEMO acc or strategy tester please, there is still no closing functions, so it won't close any trades, this is just to see if you are happy with the way it places orders and modify them.

I can only include the closing functions once I know EXACTLY where and when to close the trades.

A black arrow is a modified order, that means an opposite order was triggered and the black arrow was modified to the current price + or - the X-Diff.

It doesn't seem to be moving the buystops up any more and some are at the same price. I have been away so the pc has been offline in the middle of the test if that has anything to do with it.

An EA can't move buystops or any trade operation if it is not online and connected to the broker.

The exit strategy for each trade is the same mechanism used in cancelling and replacing the pending orders.

So, say we are two either side with a 50 gap and the price has been rising, the pending orders have been following.

Buy 1.0550  (+350)
Buy 1.0500.  (+400)
Price 1.0900
Sellstop 1.0850
Sellstop 1.0800

The price reverses

Buy 1.0550  (+250)
Buy 1.0500  (+300)
Price 1.0800
Sell 1.0850  (+50)
Sell 1.0800  (0)

When it reverses to a point that we need to follow with a pending order the the furthest away buy in the example has to be exited to maintain the balance of orders either side.

Buy 1.0550  (+200) (cashed in when new buystop triggered)
Buy 1.0500  (+250)
Buystop 1.0800 (activated when our nearest sell hit 50 pip gap)
Price 1.0750
Sell 1.0850  (+100)
Sell 1.0800  (+50)

If the price continued to 1.0700 then the other market buy is cashed in and replaced with a another buystop at 1.0750

I hope this explains it. T

I'm happy about that, I didn't know whether that could be coded.
Thanks again for your time and effort.