Sending Orders

This EA will never send and order by it self. You have to set a Buy or Sell Level to instruct the EA to buy or sell when that level is reached and also if you want you can configure the EA to move the Stop Loss to Break Even or to Trail Stop the trade.

Please note that this Buy and Sell Levels are not Pending Orders, that means that if the EA is not running when the level is reached, the order will not be sent.

When a Buy or Sell Level is reached, the EA will send a Market Order to your Broker. The EA was designed to work with ECN Brokers so when the EA sends the initial order, no Stop Loss nor Take Profit levels will be included as by the requirement of ECN trading. Nevertheless, immediately after the order is accepted by the Broker, the EA will send the respective Stop Loss and Take Profit levels.

How to create a Buy Level

To create a Buy Level proceed with the following steps:

1. Create a Horizontal Line below the current price.
2. Open the Horizontal Line properties and change the name of the line to Buy_N where N could be a number from 1 to 9. You can create up to 9 Buy Levels on the same chart.

1. The EA will change the color of that line to TRADE_BuyLevelColor.
2. A corresponding Stop Loss level will be created at TRADE_DefaultStopLoss pips from the Buy Level.

1. Once those levels are created you can adjust them by dragging the lines. The lot size will be calculated based on the Stop Loss pips and the risk specified by TRADE_Risk.
2. The moment that the price touch the Buy Level, the EA will send a Market Order to your Broker.
3. The Stop Loss level will be set at the indicated level and the Take Profit level will be set at Open Price plus TRADE_TakeProfitPips
4. If TRADE_TrailStopPeriod is not zero, the EA will trail stop the trade on the indicated Timeframe
5. If TRADE_PipsToBreakEven is not zero, the EA will move or create the Stop Loss level to Break Even.
6. To delete the level delete the Buy_N horizontal line and all the other realted objects will be automátically deleted.

How to create a Sell Level

To create a Sell Level proceed with the following steps:

1. Create a Horizontal Line above the current price.
2. Open the Horizontal Line properties and change the name of the line to Sell_N where N could be a number from 1 to 9. You can create up to 9 Sell Levels on the same chart.

1. The EA will change the color of that line to TRADE_SellLevelColor.
2. A corresponding Stop Loss level will be created at TRADE_DefaultStopLoss pips from the Sell Level.

1. Once those levels are created you can adjust them by dragging the lines. The lot size will be calculated based on the Stop Loss pips and the risk specified by TRADE_Risk.
2. The moment that the price touch the Sell Level, the EA will send a Market Order to your Broker.
3. The Stop Loss level will be set at the indicated level and the Take Profit level will be set at Open Price minus TRADE_TakeProfitPips
4. If TRADE_TrailStopPeriod is not zero, the EA will trail stop the trade on the indicated Timeframe
5. If TRADE_PipsToBreakEven is not zero, the EA will move or create the Stop Loss level to Break Even.
6. To delete the level delete the Sell_N horizontal line and all the other realted objects will be automátically deleted.