Entry Orders

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Entry Orders


  Entry Orders Strategy



This strategy places two entry orders depending on the price behavior. The entry stop and entry limit distance can be defined in the settings before running the strategy:



If the close price of the last candle is higher than the close price of the previous one, an entry stop buy order and an entry limit sell order are placed:



If the close price of the last candle is lower than the close price of the previous one, an entry stop sell order and an entry limit buy order are placed:




 


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Entry_Orders.act Entry_Orders.act (3.15 KB, 1,511 views)

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No Member Photo by Chipsman2 posted Tuesday, January 19, 2010
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(http://www.actfx.com/Download50073.aspx)

Hi,
is there a possibility to write down the distance between the current price and the buy order AND the distance between the current price and the sell order???

for example:
    Canlde History ..........
    Account...........
    Account(Lots).........
    Entry Orders Time ..........
>>> Entry Distance Buy Order: 200 <<<<
>>> Entry Distance Sell Order: 150 <<<<
    Limit....
    Stop....

How can I change the strategy that I have that option to write down the distance between the marketprice and the buy-order and the distance between the marketprice and the sell-order separately?

does this program check the time frequently every second?

thanks
best regards
No Member Photo by bobby posted Sunday, December 20, 2009
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Hello Donnan, I have seen another strategy with Entry Orders which they recently posted, perhaps this one will help you? http://www.actfx.com/Download50073.aspx
No Member Photo by bobby posted Tuesday, December 01, 2009
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Sure, you can find me at the Forum and PM me. I will try to help :-)
No Member Photo by Donnan posted Tuesday, December 01, 2009
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Bobby,

Much appreciated. If I rewrite the script could you critique it for me if I sent it to you?

Regards,

Donnán
No Member Photo by bobby posted Tuesday, December 01, 2009
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HI Donnan, I think what you need is very easy ;-)) You just need to remove the 'if' conditions. If you want to place the orders just as soon as strategy starts, you also need the OnStart procedure, not the OnNewCandle.
No Member Photo by Donnan posted Monday, November 30, 2009
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Hi,

I really like this automation. Is it possible to modify this script. Instead of creating an order based on the history of the last two candles, can the both buy and sell orders be created, with stops and limits. The position of the entry orders (in proximity) could be based simply on the current market prices?

Regards,

Donnan


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