Start trading strategy manual setup Before 0400 hrs
Start trading strategy manual setup Before 0400 hrs, user will input prices for both buy stop order x 4 and sell stop order x 4 User will also input target prices on 4 levels for both buy stop order x 4 and sell stop order x 4 The EA starts to trade at 0400 hrs The EA checks every 1 hour Price triggers buy x 4 <<<Go to slide 2 Which stop orders did price triggers? Price triggers sell x 4 Go to slide 3>>>
Set SL=TP 2 for remaining open buy orders And delete sell stop order x 4 yes Has price hit TP 1 & TP 2? Has price hit TP 4? yes Set SL=TP 3 for remaining open buy orders yes Has price hit TP 3? Has price move >TP 4? End no Is price (high) >buy price? Is price (close) >buy price? no Is price (close) 50%70% closer to trigger sell stop order x 4? no Is price (low) <sell price? Price triggers buy x 4 Is price (close) <sell price? yes no no Add another buy stop order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) yes Set SL=TP 4 or trailing stops for remaining open buy orders Set SL=TP 4 or trailing stops for all remaining open buy and sell orders no <<<Go to slide 2 Set SL=TP 3 for all remaining open sell and buy orders Has price move <TP 4? Execute sell order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) Add another sell stop order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) Has price hit TP 1 & TP 2? yes Has price hit TP 4? Has price move >TP 4? Set SL=TP 2 for all remaining open sell and buy orders yes Set SL=TP 3 for all remaining open buy and sell orders Has price hit TP 3? yes Has price hit TP 4? Has price hit TP 1 & TP 2? Set SL=TP 2 for all remaining open buy and sell orders yes Has price hit TP 3?
Go to slide 3>>> Set SL=TP 2 for remaining open sell orders And delete buy stop order x 4 yes Is price (low) <sell price? Price triggers sell x 4 no Is price (close) <sell price? Has price hit TP 1 & TP 2? no Add another sell stop order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) no Is price (close) >buy price? yes Is price (high) >buy price? no yes Has price hit TP 1 & TP 2? yes no Has price hit TP 3? Set SL=TP 3 for remaining open sell orders yes Has price move >TP 4? yes Execute buy order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) Has price hit TP 1 & TP 2? Has price hit TP 3? no Is price (close) 50%70% closer to trigger buy stop order x 4? Has price hit TP 4? Set SL=TP 2 for all remaining open sell and buy orders Add another buy stop order x 1 (its lot size must be at least 2 times or more bigger than the lot size of open orders in total) Set SL=TP 2 for all remaining open buy and sell orders Has price hit TP 3? Has price hit TP 4? yes Set SL=TP 3 for all remaining open sell and buy orders Set SL=TP 3 for all remaining open buy and sell orders Has price hit TP 4? Has price move >TP 4? Has price move <TP 4? Set SL=TP 4 or trailing stops for remaining open sell orders Set SL=TP 4 or trailing stops for all remaining open buy and sell orders End
Depends on which order price trigger first, if: Bullish candle closed as false **Always look out for a good breakout no count (<25%) Option #1 ( a bit early) Place a big one stop order on the opposite side once price trigger one of them. good buy Wait for another candle closed as good breakout Option #2 (on time) Place a big one stop order on the opposite side once price trigger one of them and then reverse 50% -70% closer to trigger the opposite side. Option #3 (a bit later) Execute a big one order on the opposite side once price trigger one of them and then reverse trigger the opposite side. sell Bearish candle closed as buy Wait for another candle closed as good breakout sell good no count (<25%) false
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