Expert Advisor Virtual pending sell stop order

Buy Virtual pending sell stop order Expert Advisor in the store selling algo trading systems

The script is intend­ed for auto­mat­ic plac­ing of Sell Stop pend­ing orders, Stop Loss­es and Take Prof­its on the user spec­i­fied lev­els. This script is not that use­ful as “Vir­tu­al pend­ing buy stop”, since short posi­tions are opened as Bid price cross­es the lev­els. Thus spread widen­ing is not dan­ger­ous. Nev­er­the­less, you need to have this script to pre­vent unwant­ed hit­ting of the Stop Loss lev­els.

Main Pur­pos­es:

  1. Automa­tion of the process of plac­ing the Sell Stop pend­ing orders, Stop Loss­es and Take Prof­its on user-spec­i­fied lev­els in case a bro­ker­age com­pa­ny pro­hibits plac­ing such orders clos­er than ‘n’ points from the cur­rent price.
  2. Avoid­ing unwant­ed trig­ger­ing of Stop Loss in case a quote pierces a sig­nif­i­cant lev­el (frac­tal) with­out fur­ther con­fir­ma­tion with the close price.
  3. Set­ting Take Prof­it lev­els.

The goals are reached by the fol­low­ing means. The script does­n’t place a real pend­ing order for buy­ing. It places a mar­ket order once the Bid price reach­es the lev­el spec­i­fied by the trad­er. Thus, bro­kers can widen the spread as much as they want. You will be safe and you’ll enter a short posi­tion as the price reach­es a real­ly sig­nif­i­cant lev­el. In addi­tion, the script includes the so called “track­ing” Stop Loss that will close an unprof­itable posi­tion only when the price clos­es above the STOPLOSS lev­el, not when it just hits this lev­el. Take Prof­it is not vir­tu­al, it is actu­al­ly placed.

Script Set­tings:

  • LOT — lot size, 0.1 on default.
  • DEVIATION — price devi­a­tion, 10 on default.
  • LEVEL — trig­ger lev­el for the vir­tu­al “wait­ing” Buy Stop order in units of the price chart. 1.10 on default.
  • STOPLOSS — Stop Loss lev­el in units of the price chart. 1.00 on default.
  • TAKEPROFIT — Take Prof­it lev­el in units of the price chart. 1.30 on default.
  • NEWCHECK — restric­tion on set­ting a stop after restart (allows setting/modifying a Stop Loss after enter­ing a posi­tion). False on default.

The spec­i­fied lev­el for enter­ing a posi­tion, the Stop Loss and Take Prof­it lev­els are marked with lines of dif­fer­ent col­ors on the chart.

Virtual pending sell stop order 

Relat­ed Posts
Expert Advisor RobotStochastic
This is a pro­fes­sion­al trad­ing robot, which imple­ments the clas­si­cal Sto­chas­tic based trad­ing strat­e­gy. The sig­nal is pro­duced upon exit­ing of the sto­chas­tic from the overbought/oversold areas; the lev­els of …
READ MORE
Expert Advisor EURCHF spot
EURCHF spot is a short­/medi­um-term Expert Advi­sor. Based on its inter­nal indi­ca­tors the Expert Advi­sor opens posi­tions look­ing for around 45 pips of prof­it. Take a clos­er look to our aston­ish­ing four …
READ MORE
Expert Advisor Afscashcard1
Trade sig­nals of AFScashcard1 are based on Adap­tive Mov­ing Aver­age indi­ca­tor. Trade vol­ume of posi­tions is cho­sen accord­ing to the results of pre­vi­ous deals. It is pos­si­ble to lim­it the …
READ MORE
Expert Advisor Mercusuar MT5
Mer­cusuar MT5 is a scalp­ing Expert Advi­sor based on price move­ment that works on Meta­Trad­er 5 plat­form. It has some armors to improve its per­for­mance: two trad­ing strate­gies (Mode Pulse and …
READ MORE
Expert Advisor SARTrader
SAR­Trad­er is an Expert Advi­sor based on Par­a­bol­ic SAR. All para­me­ters are adjustable and their func­tions are quite under­stand­able. The biggest prob­lem with SAR is to stop trad­ing, that’s why I …
READ MORE
Expert Advisor TransScalpel
The Expert Advi­sor ana­lyzes tick micro-sig­nals and deter­mines the direc­tion to open a posi­tion. Note: The EA can only be opti­mized and test­ed on all ticks! Para­me­ters: Risk — cal­cu­lat­ed based on the …
READ MORE
Expert Advisor Bobra Adept
Descrip­tion: This is a half scalp­ing sys­tem that ana­lyzes the mar­ket using a trans­mis­sion func­tion. The sys­tem can be scalp­ing or not depend­ing on the “take­prof­it” and “sto­ploss” para­me­ters. This Expert Advi­sor …
READ MORE
Expert Advisor Bees
Descrip­tion This trad­ing robot is based on the Olym­pus trad­ing strat­e­gy. This trad­ing strat­e­gy has already earned more than 80,000 dol­lars. The trad­ing robot and the trad­ing strat­e­gy are our gifts …
READ MORE
Expert Advisor Trajecta Elephant
Wel­come to Tra­jec­ta Ele­phant Cre­ate your own trad­ing sig­nals as pow­er­ful as Tra­jec­ta Labs trad­ing sig­nals: The main idea of Tra­jec­ta Ele­phant is enca­pusu­lates the main tech­nolo­gies of the Tra­jec­ta Labs suc­cess­ful trad­ing …
READ MORE
Expert Advisor Random Orders
Ran­dom­ly place pend­ing orders just for do some test­ing.  All is ran­dom: ran­dom sym­bol, ran­dom lots, ran­dom order type, ran­dom sto­ploss and take­prof­it… Notice: It can’t run on live(real) account.
READ MORE
Expert Advi­sor Robot­Sto­chas­tic
Expert Advi­sor EURCHF spot
Expert Advi­sor Afscashcard1
Expert Advi­sor Mer­cusuar MT5
Expert Advi­sor SAR­Trad­er
Expert Advi­sor TransS­calpel
Expert Advi­sor Bobra Adept
Expert Advi­sor Bees
Expert Advi­sor Tra­jec­ta Ele­phant
Expert Advi­sor Ran­dom Orders

Leave a Reply

 

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.