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Discussion in 'Forex Market MQL5' started by James Goldman, Sep 8, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #tearingtrap

    buysellprofit-logo-200x200-8826.png

    Tearing Trap Expert Advisor recommends trades in
    GOLD (XAUUSD) by placing Buy Stop and Sell Stop pending
    orders at Open Market Session as a preset parameter setting.

    The recommended timeframe
    is H1, a pending order ranges between Buy Stop and Sell Stop according to a preset parameter setting.

    At the time, Market
    Session EA is waiting for the break out.

    Scenario 1:

    • Market goes up after placing a Buy Stop and Sell Stop pending
      orders.
    • Buy Stop is filled (becomes Buy), continue
      by opening Sell Limit for locking profit.
    • If Sell Limit triggers (Sell), then continue with CloseBy for buy and sell orders.
    • Delete Sell Stop.
    Scenario 2:

    • Market goes sideways after placing Buy Stop and Sell Stop.
    • Buy Stop (Buy) and Sell Stop (Sell) trigger, the EA opens 2 additional Buy Stop and 2 Sell Stop orders on a distance from previous Buy and Sell specified in the parameters.
    • If market goes down, there will be 1 Buy and 4 Sell orders, the EA will open 3 Buy Limit orders for locking profit.
    • If 3 Buy Limit orders trigger (3 buys), Buy Stop order is deleted and Buy and Sell orders are closed using MultipleCloseBy.
    • MultipleCloseBy feature availability depends on the brokerage platform. In case it is disabled, you can set the corresponding parameter to FALSE and the EA will use Grabbing for all positions.
    Other scenarios consist in opening additional Buy Stop and Sell Stop orders according to the rules:

    • If 3 Buys are executed, it opens 9 orders grid (Sell + Sell Stop);
    • If 4 Buys are executed, it opens 12 orders grid (Sell + Sell Stop);
    • and so on.
    Happy Trading with TEARING TRAP and Great Harvest!

    tearing-trap-screen-1013.jpg tearing-trap-screen-1946.jpg tearing-trap-screen-3952.jpg tearing-trap-screen-9623.jpg tearing-trap-screen-1650.jpg

     
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