Meet Para_Retrace.mq4
Copyright 2018, raymondyeung.htc@gmail.com
Speed Technology
Description:
This script helps you place retrace limit buy and limit sell orders based on the Parabolic SAR (Stop and Reverse) values. It’s a handy tool for traders looking to capitalize on price retracements.
Global Variables:
To customize the settings, press the function key F3. Here’s what you can adjust:
- GMT_Time_Diff: This is the difference between Eastern Time and your local time.
- _ParaSL_SL: Set your stop loss in pips.
- _ParaSL_TP: Set your take profit in pips.
- _Para_Diff: This is the retrace entry in pips based on the Parabolic SAR value.
- Limit Sell: This order is triggered at the bid price based on the Parabolic SAR.
- Limit Buy: This order is triggered at the ask price based on the Parabolic SAR.
- _Para_lots: Define the number of lots you want to trade.
By using this script, you can automate your trading strategy and ensure you're making informed decisions based on the Parabolic SAR indicator. Happy trading!
Comments 0