Buying at lower price
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Hello, I'm very new here so sorry for asking question if it's redundant. I'm currently creating a trending ea using 2 moving averages.
During trending market, how can I make it buy during retracement at certain pips and not immediately enter the market?
Is it by pending order only? Or is it something to adjust with the candle distance and the moving average?
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@EA613
I think you should first know yourself the condition you would enter the market. Pending order is good provided you also have clear idea when it would be deleted, whenever necessary -
I agree. You need to define VERY accurately what you mean by ' retracement at certain pips'. Pips from what? Open price? Max profit up to that moment? Do you understand what we mean?