Hello, I have a pending order script but would like it to re-initiate when the SL gets struck.
The idea behind it is that I will get stopped out many times to get a -5 pip reduction but finally I'll be in the wright place when price makes the decision to move.
I will pay particular price for in this place but at some time the rend will cover this price back, I am aiming to hold those positions for a few months, till they've grown enough.
My inspiration for this came after reading the following thread: https://www.forexforum.co.za/cryptoc...rice-feed.html
Notably the post of TheRealThing caught my attention, according to him this is a technique used by professionals, simply they have some employees that keep watching the market 24h to place the trades manually.
If that is true then I don't know why I can not loe an EA for this and why there is so little info regarding this on the internet, is this idea maybe to easy?
I have been backtesting it a little bit visually and seems to be profitable,but I have to forward examine it whit an EA to be certain.
Does anybody understand what I have to change in the code to make it function as a EA that retains re-initiating it after the SL?
When I place them in the expert folder an execute then they simply keep opening pending orders each second
https://www.forexforum.co.za/attachm...1593929914.mq4
https://www.forexforum.co.za/attachm...9929854401.ex4
https://www.forexforum.co.za/attachm...1419587360.mq4
https://www.forexforum.co.za/attachm...2583110212.ex4