You could set your EA up to handle all the orders internally and issue them straight to market when their price is hit. However...

IBFX live accounts have a limit on what orders EAs can close. At least in my experience when I tried to run a scalping EA on a live account (which worked well on a demo) the server would open orders to be opened but it would not close them. It may have just been the EA but since I have seen it run profitably on other demo accounts I think not.

An no, I don't think any retail broker is going to let you sit on 250 billion dollars. Maybe if you talked to Buffet he could give you a few tips on how to handle it though.

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魑魅魍魎

wow if u could do that it's amazing ..I think u should think ECN broker with MT4 platform so u can place limit 1 pip away and do scalping

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Forex Indicators collection

Thanks for the answers. I am still not sure. Interbank allows 1 pip pending orders? Is this true? Also, I want the Ea to do the following:

Keep on adjusting the pending orders 1 pip above and under the current price until friday, then while the forex closes, we have a pending order 1 pip above the current price, and a pending order 1 pip under the price. So, when the market opens, I need it to close any open posistions, and any pending order left canceled. I'll explin in bigger deatail later.

So, can I make it so :

Friday 5pm est time to Sunday 5pm est time, in between those times, I have the 2 pending orders.

Current Still price is 60, for example. Buy stop at 61, and sell stop at 59. You'll get why I do this later.

Happy Money to all!!!

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God Bless Everyone, and their trading logic.

Nevermind.....it was the same post as before.....sorry.....avoid this....

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God Bless Everyone, and their trading logic.

How do You scalp?

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God Bless Everyone, and their trading logic.

???

Dan, do you have a method that you wanted to share or not? Your questions have been answered already...

That could be dealt with by not having pending orders, as has already been suggested.

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"Don't work harder, work smarter." -- my Java professor

Coder for Hire:
http://www.firecell-fx.com

so how we can make money from your style
can you show us the number?

example

gbpusd 2.2300... price go up to 2.2350

we will have at least 50 open trade, and when price is going back...to 2.2300
what will happen?

interbankfx only let us make 250 open position if i'm not wrong... am i?

please give us clue about your grid trading style

he wants an EA that will place pending order and keep adjusting the buy/sell position 1pip away from the current bid/ask. Until friday when market close, the pending order sit still 1pip away from the last bid/ask price. When sunday evening the kiwi session, normally a gap will happen, therefor he's expecting to trade the gap. Broker honouring the gap price is relatively important for his system.eg.

Friday stop trading at: 1.3700/1.3698
Pending buy 1.3701
Pending sell 1.3697

Monday opening : 1.3730
Close all positions including pending orders
Buy = 1.3730-1.3701 = +29pips
Sell = 1.3697 Cancelled

I guess thats what he wants.

Regards

David

Maybe he wants the EA to bend space and time between here and the IBFX offices so we can launch a surprise attack dressed as pirates though the generated wormhole!

1) Yah!
2) Yah!!
3) Yah!!!
4) YAH!!!! Well, at least its worth giving a try
Answered yes to all questions, waiting for a system!

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MQL4 programming is easy ^^