Looking for a very basic EA which does this: if pre-defined price level x is reached, place a pending order+SL+TP
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi everyone,
Short version: I'm looking for a simple "semi-automatic" EA which does this: if price level x is reached, place a pending order with SL+TP.
More detailed explanation:
This simple EA should allow me to specify
- a price level x (for example by setting a horizontal line or entering a price level by hand, e.g. 1.45148)
- an entry level for a pending order
- the accompanying SL for that pending order
- the accompanying TP for that pending order
So if the market reaches the price level x, the EA should automatically place a pending order with entry level + SL + TP defined by me.
That's all. So basically..I want to enter the pullback/retrace after a breakout. I decide everything: breakout level (which is only used to trigger a pending order, it's not used to enter a trade at that level!), entry level, SL level, TP level.
Can anyone point me to a free or inexpensive commercial EA which does that, or even upload a free one here? : )