Waddah Attar Anti Limit Brokers Slippage
Most brokers provide slip for your orders (market or stops).
But they do not create slippage, when you set a limit order (Buy or Sell). This is done in your interest.
This expert will solve the problem of slip limit orders no matter with any broker you are running.
EXAMPLE slip:
The price is equal to 1.31450, you set a limit order to sell for 1.31500.
If the price rises to 1.31550, the broker will execute your limit order for sale of 1.31500, 1.31550 and not.
If you set a stop order to buy, the broker will execute it at the price of 1.31550 (or above), rather than 1.31500.
The expert also will try to fulfill your limit order to sell at the price of 1.31550 or higher.
Draw a red line in the chart above the current price in place a limit order to sell and the green line below the current price in place a limit order to buy.
Start on the chart expert and allow him to cope with your limit order.
You can draw on the graph as the red and green lines as you wish.
You have five fields to enter the lot.
Each line has the width (W 1, 2, 3, 4 and 5).
Each value is equal to the width of the lot specified in the expert properties.
Width 1 is Lot1.
Width 2 is Lot2.
.................
The width is equal to 5 Lot5
To draw green and red lines can be either manually or by pressing the corresponding keys on the graph.
Expert properties:
- BuySL= 0; // stop-loss at purchase points.
- BuyTP= 10; // take profit on the purchase points.
- SellSL= 0; // stop-loss on sale items.
- SellTP= 10; // Take Profit on sale items.
- Lot1 = 0.1; // lot on the line with a width of 1.
- Lot2 = 0.2; // lot for a line with a width of 2.
- Lot3 = 0.3; // lot on the line with a width of 3.
- Lot4 = 0.4; // lot on the line with a width of 4.
- Lot5 = 0.5; // lot on the line with a width of 5.
- ReversalPoint = 4; // (Essential property) How many points the price moves back to execute a limit order after it crosses the limit line.
- AutoTpToLimit= True; // When TP > 0 ... automatically transforms take-profit limit order at a limit line.
- AutoComment= True; // Specifies the number of points earned with the help of an expert in the limit order.
- AutoDeleteLine= True; // Immediately remove line limit order after its execution.
- LimitDistance= 100; // When you press the button, the limit on the graph shows the distance in points between the current price and the limit line.
- PlayOkSound= True; // Plays the sound OK in the execution of the order.
In the graph there are several buttons:
- Reset Lines: After the execution of line line itself becomes inoperative. Click on Reset Lines button to start it again.
- Delete Lines: Deletes all the lines on the chart.
Buttons Sell Limit and Buy Limit limit draw lines on the sale or purchase of a lot referred to in the expert properties.
The expert does not trade for you automatically. You do draw the line limit orders in accordance with your strategy.
Expert Comments to orders in the terminal window where you can see how many points you bring each of the orders (to be set to true parameter AutoComment).
Expert is perfect for traders who trade on the news or prefer scalping and limit orders.
NEED test your skills on a demo account to fully understand how it works.
ONLY THEN use it on a live account.
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