Pips Away From Open Price
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Hi,When Using Pips away from Open-Price, What is the difference between trade Model, Double Sided and Chart?
I wish to initiate a trailing stop after a price has moved "X" pips from my entry price. I find that the break even at 30 pips gets over stepped by the 60 pip trailing stop otherwise. Since this will apply to both long and short positions will I use "Double-sided"?
When I run the EA, Trade Model appears to work, but I see sell trades that are neglected?
Generator File: Combined Autonomy 3
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This block, like all the other blocks with the same (pink) color are designed to work only after some of the "For each...." blocks! You have it after Break even, so the result from it will be... who knows.
Trading model:
- if Ask is X pips above the open price in case of Buy trade
- if Bid is X pips below the open price in case of Sell trade
Chart model:
-the same for Buy trade- if Bid is X pips ABOVE the open price in case of Sell trade
So here you don't care whether the trade is Buy or Sell. If Pips away is positive value, then it will detect when the current price goes X pips above the open price, and if negative value - below.
Double-sided model:
- If the price goes X pips away from the open price above or below, for Buy or for Sell