buy stop and sell stop
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is it possible to place sellstop or buy stop order in fxdreema?
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yes ofcourse.
Use the Pending Order blocks and use whatever price offset you need to use.
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really? let me check
BTW thanks -
@yalgaar
yes i see it now thank you very much Yalgaar -
@yalgaar
can i use price offset as 0 ,
let say i wanna place the buy stop at certain indicator's recent high? -
I never know what limit and stop actually means and this is true even today. So back in the day I decided to make this block for myself... and I only knew that I can open Buy or Sell order above or below the current price. So I was thinking in Above and Below terms. So I decided that the block can automatically decide the type (Limit or Stop) and it's enough for me to give it the input price.
Now, the actual open price is a result of those 2 parameters - the open price and the price offset. Of course you can have price offset of 0.
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for buy :
buy stop is placed above current price and buy limit is placed below current price
buy stop guarantee execution but not guarantee price (it can be filled at worsier price)
buy limit not guarantee execution (sometimes is not filled) but it guarantee price (it can be filled at better price)
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take zigzag for instance
let say i want to place a buy stop at the recent highs and sell stop at recent lows of the zigzag indicator,
so if i set the price offset at 0 and set indicator options like they are shown in the screenshot then what will happen ? will it work?
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not with zigzag ... use something else, like this:
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@miro1360
okay thank you
but do you mean that zigzag cant be used with this??
i have a strategy with zigzag and buy stop and sell stop .
so i cant use zigzan with buy stop and sell stop right? -
not so simple, because you need there additional calculations with custom code to find right zigzag high or low ... I think when you tune this highest / lowest you can get the same or better result with pending orders ...
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@miro1360
custom code ? well thats definitely a problem because i know nothing when it comes to coding.
my dream just shattered into million pieces
===>Jennifer Syn<===
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do it with highest/lowest, it is non-coding solution what I give you
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do you want a buy pending and sell pending in every high/low of the zigzag ?
so if the price continues you buy , and if it reverses you sell ? -
@miro1360 this with the buy stop and sell stop?
do you think it will work? -
@timmyhanke
no not like that .
its like this :
open a buy stop on the most recent high
open a sell stop on most recent low
and when there is a new high or low then delete previous buy stop or sell stop and open new ones===>Jennifer Syn<===
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I made this using horizontal lines instead of pending orders
It will create a line at the highest price in 10 candles and one at lowest . -
@timmyhanke impressive ,
although the results arent very good but still its impressive because at this stage its all about learning (results doesnt matter ) and i have learned a new thing today from you.
i like your approach. i have ssaved your EA for further study because there is some potential in this approachahh well comming back to the point
i think if we can use the Pending orders buy stop and sell stop with the zigzag it could be profitable
i had tried this strategy in manual trading a while back and it had good results.
but the only problem is that its very hard to keep up because you have to keep checking your charts to see if there is a new high or low has appeared on zigzag and when the order is trigered then we have to keep trailing and all that so its hard to keep up with that.so any way using the zigzag?
===>Jennifer Syn<===
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Its always nice to hear that someone likes what i do , my approaches is simple in my mind , often by making the solution much easier than it have to be.
here is the same method but with zigzag , but in this case i made the lines 10 pips above high zigzag and 10 pips below zigzag
https://fxdreema.com/shared/7Ths4EE0e
can even be made this way
https://fxdreema.com/shared/vSNVJuxLc
using 10 pips above and below current zigzag price .
or even like this
https://fxdreema.com/shared/Veiiqyq5e
Here the zigzag itself does all of the job, if the price of the zigzag pushes above the upper line it will follow it as long it has contact with it , and the lower line follows with in this case a 10 pip distance from the higher at all times , the same with the lower line , then the upper follows with a 10 pip distance
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@timmyhanke thanks
cant download the last one , as i am currently Basic user
just trying to learn and grasp Basics of fxdreema
will buy the membership once i understood the basics
By the Way thanks===>Jennifer Syn<===
