Verdure OCO EA Lite

Top 30 Ranking – Best Forex EA’s – Expert Advisors – FX Robots. Dear fellow Forex trader, View the Best Forex EA’s, the reviews and proven results and select the best FX Expert Advisors for Metatrader 4 (MT4) platform for your needs.. This is our Top 30 Ranking of the Best Forex Robots, which will earn you lots of money! Ranking based .

The trader can choose any other values depending on the traded pair.

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Apr 01,  · Places OCO Order, One pip Limit Order and One Pip Stop Order on Metatrader 4 platform. - Free download of the 'Place OCO Order, One pip Limit Order and One Pip Stop Order' expert by 'fxpingpong' for MetaTrader 4 in the MQL5 Code Base/5(5).

Even more, if the price reverses, the EA can hedge by placing opposite pending orders at a given distance, with higher, lower or equal lotsize than the initial trades. The RobotFX Grid X was designed not only to open a determined set of grid trades, following the classic forex grid trading strategy, but also to detect the trend, the trade entries and to hedge. While trading with the grid, traders often increase the lotsize, hoping that the price will continue to go in their direction.

However, most of the times the price reverses, therefore transforming a possible winning trade into a few losing trades. To prevent this, our forex grid expert advisor can safely decrease the lotsize of the next grid trades. The lotsize can be increased or decreased for the hedging trades as well.

Besides the advanced grid trading capabilities, the Grid X expert advisor can be set to follow the trend and enter a precise moment. The trend detector is done by a moving average that the trader can customize type, length, shift and the EA will follow it by simply allowing long trades only when the price is above it, or short trades if the price oscillates below the moving average. The exact entry is given by the Stochastic oscillator, as in the MetaTrader trading example above.

Stochastic, with the correct settings, can be customized to match any other MetaTrader indicator - so, if the traders would like to use other signals to enter a trade, they can load on the same chart Stochastic and their preferred indicator and match their signals.

Then use the same Stochastic settings within to trade using the grid EA. Below are some examples of trades opened and closed by the grid EA based on stoploss, take profit, trailing stop or the MinProfit see the Settings.

But of course, stop-loss and take-profit are available, as well as break-even and trailing stop. The number of grid trades can be restricted by the trader, as well as the number of hedging trades if hedging is enabled. The distance between the trades and the distance hedging would start can also be changed by the trader. The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader.

The trend itself is decided by the Heiken Ashi color on the higher or current timeframes. It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe.

To better understand better how this trend trader with hedging abilities works, please take a look at the picture below. When one or both trend detectors are used, the uptrend or downtrend is determined by the Heiken Ashi color on their respective timeframes.

When any of the Trend A or Trend B are enabled, they are displayed in the lower-left corner of the chart. Note that if the trader enabled both these trend detectors A and B , the EA will consider entering a trade only if they both coincide and it will ignore trading signals if one trend is up while the other is down.

When the Heiken Ashi candles change their color from down red to up green the EA will open a long trade; opposite happens for short trades. This entry signals can be validated by another safety feature - if the trader wants to use it - that is the swing zone confirmation. This swing zone is also used by both the Fluid and the NonLagMA expert advisors, and it has the purpose to ensure that the EA will not open buy trade when higher-highs are formed, or sell trades when the price forms a lower-low.

This Heiken Ashi EA can even martingale if the previous trade closed in negative profit. Below are some examples of trades opened and closed with different trailing stop options. Money management is also possible by setting the EA to use a percentage of the equity as lotsize, or by using a fixed lotsize.

Take your time to understand what each of these settings does. This should be used to reject buy signals that might occur on overbought areas or sell signals that happen in oversold areas.

This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade. Why do we need this? The trade panel will allow you to place a set of pending orders, and also allow you to flag them into OCO groups — if you want to. When this trigger is detected, the panel will search through your open orders, find the left over pending orders that belong to the group, and clear them out.

We covered this entry strategy in the forex entry strategies section of this tutorial. Just to re-cap, this is an duel entry approach into a reversal signal, where we target a retracement entry point, and at the same time set a breakout order as a combo. When the panel is waiting for a trigger event, you will find the tickets in the trade monitor. In fact, you can set as many pending orders as you like, across as many pairs as you like — when one of those get triggered, the rest in the group get canceled.

If your trading system allows you to open more than one position in the same direction, simply set this parameter checkduplicateorders to False. Fibonacci Pivot Point Plotter. Standard Pivot Point Plotter. Limitations of the free version include: Only works in local mode.

Does not manage pending orders it only manages market orders. Does not send email or notifications. It, however, alerts on duplicate orders. Application Scenario Stop and reverse trading If you like to trade using stop and reverse trading systems especially in highly volatile market when there is no time to quickly close an open order before placing a reverse order , Verdure OCO EA takes one step away by automatically closing the opposite order once a new order is triggered.

Trading around Pivot Point, Fib Level, Support and Resistance levels using pending orders If you are a breakout trader who looks for trading opportunities around pivot levels, Fib level, support and resistance level etc, you now have a perfect tool that would greatly help reduce time spent watching and managing positions.

Pending orders If you generally use pending orders to time trade executions, OCO orders can help you manage trade executions and also help reduce time spent watching charts.

However, considering market behaviour especially during major news event, you may also want to place a SELL STOP order should the market go against your prediction.

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