For example I want to go long Eur/JPY if it comes down to 106.50 but i want the order to be filled coming back up at 107.07 and Id like it to not be a valid order for 4 more hours. For example. Are there brokers with their own platforms like this?
Thanks.
MT4 could definitely do it with an EA. Broker wise not sure but would be interested. You can do orders like that last till the end of the day with a few of them though (most I imagine)
Do you know what the EA would be? Im unfamiliar with all of them. Preferably one with a good clear cut user interface.
Thanks again
It looks to be possible with brokers - I am with OANDA and pepperstone - this is oanda’s limit order dialog.
I can check with pepperstone as well, i only recently funded this account but It looks like most have the option (decent brokers)
You will have to monitor the chart, i think there is no othervway.
An EA could do it, maybe I am not understanding the question. Your long on EUR/JPY at 106.50(in the market) if it doesn’t reach 107.07 in 4 hours time the order closes. An EA can do this. Finding one that is tailored to that exact need might be difficult but mql coders are cheap to hire if you cannot find a free EA that isn’t packed with to many options.
Sure, you want a ‘buy stop’ limit order. Just set the expiry to your desired time.
MT4 does this out of the box. Most other brokers do so as well on their own platforms.
with no EA you could set MT4 to send you a email or text alert at your entry price, when you get the text check the chart if price is below your entry price set a pending order for a long trade. It would not be hard to set up with an EA I may have one that will do what you want. I will look.
