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Hi WHRoeder
I'm not sure you understood my query. You are exactly correct in that I do not know the future. So I want to be able to set an entry based on a candle close above or below a predetermined point. This is really only for times when I am not in attendance.
So, as an example, if I had a major trendline like a support or resistance line or fib level, I may decide I won't enter a trade until price close above/below that point. Many is the time I have commenced trading in the morning only to see a pair I had been watching had done just that and then headed another 100 pips in the direction I wanted.
What I want to be able to do is to do something like the following, enter a pending order that has the conditions if candle closes above/below 131.92, buy/sell X lots at market with X SL and X TP.
Do you know if this is a possibility? I suppose it would be an EA I am after, but wasn't sure how to go about it
cheers
honkin
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howdy
Is it possible to place a pending order in MT4 based on closing price. I know I can do it based on a price, but would rather not be triggered mid-candle.
Is there an EA that allows me to select pending order based on closing price of a candle?
cheers
honkin