Entry strategies
Questions related to ticket entry.
What kind of ticket can I use with this EA?
It can handle pending limit tickets and market tickets, but not pending stop tickets. You can set the close price stop-loss for both limit and market tickets. For pending ticket entries, we automatically calculate the lot size calculation based on your stop-loss price setting and risk amount. The Fibonacci retracement entry can also be automated by sending [C] Fibo pending tickets.
Can I send a market order with my desire lot size and use only the stop-loss feature?
Yes, the close price stop-loss execution feature monitors all the tickets in the market. You can first send your market order and then set the close price stop-loss with the timeframe code. It will execute the stop-loss for you.
Does this EA support a breakthrough strategy in this utility?
Currently, no. Although breakthroughs during the Europe or US market may have great price movements, the breakthrough strategy may not offer a good risk-to-reward ratio. If you want to trade with the breakthrough strategy using this EA, you can place a limit ticket after the breakthrough and wait for the price to pull back. This gives you a better risk-to-reward ratio. Alternatively, you can use our [B2] direct market entry with lot size calculation (send the TF code with 0) to enter with better risk control. We may build this feature in future versions.
Can I still trade the breakthrough trend with this EA?
Yes, there are two ways you can trade the breakthrough with this EA.
- Trade the pullback after the breakthrough with your target pullback price.
- Use the [B2] direct market entry strategy to enter the ticket (send the TF code with 0) and let this utility assist you with the close price stop-loss.
If the calculated lot size is less than 0.01, it will be forcibly adjusted to 0.01. If the distance between the stop-loss and open price is too far and the money you are willing to risk is too small, it may generate some over-loss.
When Will Low Margin Protection Be Triggered?
Low margin protection is triggered when there is not enough margin to place or complete a trade. Generally, you need to evaluate whether your account has low margin when the calculated lot size equals the minimum lot size (0.01). For more information, please refer to the margin calculation.
Why does the lot size of the pending order change slightly even when the open price or stop-loss price hasn't been changed?
This may be because the calculate-single-bar-length-breakthrough-risk feature is turned ON. We calculate the average bar length using the most recent number-of-single-bar-length-to-be-count bars (default = 90 bars). The lot size may change slightly because the average bar length can vary over different periods of time.