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Thread: Open & Close Orders after x pips

  1. #1
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    Default Open & Close Orders after x pips

    I need an EA to do the following three things:

    1) . Open orders on 2 pairs at market:
    Pair 1: Long
    Pair 2: Short

    2) . Close All Open orders when in "x" pips net profit

    3) . Repeat Step 1) .

    Thanks!

  2. #2
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    since no two currency groups are perfectly correlated, one pair will always lag behind or race ahead of the other. These fluctuations will show up as a net gain or net loss on the pair-group. Sometimes the group will draw down, such that the net loss dips down into your equity. Sometimes the group will swing positive and the net gain will add to your equity. A constant state of flux will always exist. The idea is to take the profit when it swings high enough to trigger a grab. Once grabbed, the pair-group is reallocated and the process starts again. Since hedging does not care at what value either of the currency pairs start at, there is no penalty for taking a profit grab and reallocating.

  3. #3
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    it seems a good idea for correlation with usd and chf and I trade in this way some times and it will be worked but you must first see both and trady both in the same direction both sell or both buy .

  4. #4
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    for Ex. if you think that the EUR-USD is good for buy today and you are not satisfy whit your reasons then buy 1 lot EUR-USD and buy 1 lot USD-CHF

  5. #5
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    Please. The pairs I use is completely different. The max floating loss that can ever occur is about 50 pips, because it fluctatutes 50 pips up and 50 pips down, I just grap the profits with it is in positive. If somebody can made the EA, then I will know what pairs to use with it. I am manually doing this, and taking profit almost everyday, with a max floating loss of around 50 pips. Practically no risk, 100% profit! About $150 per day.

  6. #6
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    hi f1trader, which pairs are u using, i can code this for you

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Tags for this Thread

100, correlation, currency pairs, eur, hedging, high, pairs, pips, profit, trader, usd

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