Attached indicator (SEMA) used to open order. Use Level 2 alert only. While order is open,
indicator not used to trigger anything. Upon Level2 HIGH alert, place SELL order. Visa Versa for
LOW alert. Original order Stop Loss or Stop Out & Take Profit parameters to control trade. When the stop loss or take
profit or stop out of original order is reached, all open and pending orders to
be closed. Lots for all orders will be the same.
If BUY order – ( Opposite orders for SELL order)
Use lots, take profit, stop loss provided from EA input.
Place 2 pending SELL STOP orders. Take profit not needed. Initial stop loss and
placement provided from EA input.
Trailing Stop for pending orders to start after (X) pips of
profit provided from EA input.
If pending order is opened and then stopped out, a new
pending order to be placed that duplicates the pending order, relative to the
price at stop out. To be repeated whenever stop out of pending order occurs.
EA Input – to include
Magic number
Lots
Opening order Stop Loss (X pips)
Opening order Take Profit (X pips)
Pending order 1 placement (in pips – distance from opening
order)
Pending order 2 placement (in pips – distance from opening
order)
Pending order initial Stop Loss (X pips)
Start Trailing (At X pips of profit for pending order) Also,
start trailing of Opening Order after same X pips of profit.
Trailing pips (X pips)
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