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As you can see in the picture above, the EA placed three pending orders of each kind, longs and shorts.
Once the price will reach the first pending orders, the expert will close ALL the other opposite orders.
When choosing a FX EA trading robot it is important to understand how the fx robot trades, how it opens a trade and manages the opened forex trades.
In the example below, using the default settings settings, the MACD EA opened three trades (maximum allowed) when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
The Trailing Stop expert advisor has been created to help traders manage winning trades and baskets of trades, by trailing the price once it goes in the trader’s favor.
Once a trade is opened, the trader has the ability to either use a classic stop-loss, trail the price using various methods (using the Tailing Stop EA algorithm) including Heiken Ashi, and even martingale if the previous trade closed in negative profit.
The Robot FX Non Lag MA expert advisor was built for traders trading with the trend and whose forex trading strategy is defined by the “trend is your friend” motto.