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Pending Orders EA

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Blanco

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Hi all,

As you probably know by my posts I'm a fan of grids and hedging, I'm wondering if anyone knows of a utility that would automatically place a stop/limit order at a set amount of pips upon me placing a market order.

Thanks.

Linkback: https://www.forex.zone/mt4-mt5-eas/7/pending-orders-ea/663/
#1 - January 19, 2019, 03:43:11 PM
« Last Edit: January 19, 2019, 04:40:03 PM by Admin »

Admin

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I'm sure there is something free online that would do this. It would take me too long to find compared to just coding something.

It sounds as if you will need an EA coded to do this.


Some questions:

1) Do you want a stop AND limit order to be placed? Or did you want either a stop OR limit order placed?

2) This will happen for any market order in the entire account? Or only for certain ones? If only certain ones, how should the EA know which ones?

3) This process will only happen once per market order?
#2 - January 19, 2019, 04:39:44 PM
« Last Edit: January 19, 2019, 04:42:04 PM by Admin »
Pending Orders EA in MT4 / MT5 EAs_FEN-Indicator-728x90

Blanco

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Hi admin, thanks for the quick response. 

My latest system requires an opposite pending limit order each time I place a market order. It's just once upon entry.
#3 - January 19, 2019, 04:47:52 PM

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If nobody uploads an EA for this soon, I will code one. I will test it live. So sometime after the new trading week starts.
#4 - January 19, 2019, 05:14:24 PM

Blanco

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Thank you very much.
#5 - January 19, 2019, 05:16:40 PM

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Here is the Pending Orders EA. I tested it live and it seemed to work well.

Note: A single Pending Orders EA needs running per account. It will consider all chart symbols in the entire account. You do not need to have a separate EA running for each chart symbol.

#6 - January 21, 2019, 01:18:42 AM
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ageseko

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Quote from: Blanco on January 19, 2019, 03:43:11 PM
Hi all,

As you probably know by my posts I'm a fan of grids and hedging, I'm wondering if anyone knows of a utility that would automatically place a stop/limit order at a set amount of pips upon me placing a market order.

Thanks.
why do you have to put up a pending order while not knowing where the price will move, is there a good reason for this strategy
#7 - February 11, 2019, 06:33:59 AM

paidto

Quote from: Blanco on January 19, 2019, 03:43:11 PM
Hi all,

As you probably know by my posts I'm a fan of grids and hedging, I'm wondering if anyone knows of a utility that would automatically place a stop/limit order at a set amount of pips upon me placing a market order.

Thanks.
to determine where prices should be placed pending stop / limit orders, what is the basis of the analysis carried out to determine the pending price
#8 - February 23, 2019, 03:57:19 AM

rahayu

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Quote from: ageseko on February 11, 2019, 06:33:59 AM
why do you have to put up a pending order while not knowing where the price will move, is there a good reason for this strategy
I think he wants to put a trap so that wherever the price moves will be trapped by pending orders
#9 - May 06, 2019, 01:56:14 AM

ageseko

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Quote from: rahayu on May 06, 2019, 01:56:14 AM
I think he wants to put a trap so that wherever the price moves will be trapped by pending orders
really also what you say by installing a food trap will definitely be hit, tappi must also be considered the distance and this needs to be tested
#10 - May 06, 2019, 11:16:24 PM

rahayu

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Quote from: ageseko on May 06, 2019, 11:16:24 PM
really also what you say by installing a food trap will definitely be hit, tappi must also be considered the distance and this needs to be tested
testing is very important or can also be tested with Fibonacci levels
#11 - May 07, 2019, 01:39:22 AM

ageseko

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Quote from: rahayu on May 07, 2019, 01:39:22 AM
testing is very important or can also be tested with Fibonacci levels
usually those who often use Fibonacci levels also use resistance support levels
#12 - May 07, 2019, 09:56:56 PM

rahayu

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Quote from: ageseko on May 07, 2019, 09:56:56 PM
usually those who often use Fibonacci levels also use resistance support levels
really what you said, I forgot that I also knew someone tested it using resistance support levels



#13 - May 08, 2019, 01:46:46 AM

ageseko

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Quote from: rahayu on May 08, 2019, 01:46:46 AM
really what you said, I forgot that I also knew someone tested it using resistance support levels
actually there are still many other methods regarding the rules for installing pending orders
#14 - May 08, 2019, 10:39:55 PM

rahayu

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Quote from: ageseko on May 08, 2019, 10:39:55 PM
actually there are still many other methods regarding the rules for installing pending orders
what is your conclusion about this pending order system sir?
#15 - May 23, 2019, 12:43:10 AM
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