Is there a broker that will allow me to place pending limit orders over the weekend or an EA that will automatically do it on market open. I just have more time to look at the market on the weekends and dont want to have to be at the computer each market open.
Oanda is the only broker I know of that’s open on the weekends.
Just be careful and watch the spread. Most pairs are usually 20+ pips on the weekend and if your pending order is too close to the current price the high spread could trigger it.
It’s ridiculous to open the trade on the weekend. The spread is so high that you’re eating into your own profits at an unnecessary level. Wait until the market opens and place a limit order. You’ll be better off. If you can’t be near a computer, then pick up a phone and call your broker to place the order for you.
I agree about placing a market order, but opening a pending order on the weekend is fine. You won’t have to pay the weekend spread because the trade won’t open until the market starts moving anyway.
Sure you could pick up the phone and call after the market opens, but setting a pending order is a whole lot less trouble.
Yeah thanks for the help guys, if anyone else has this problem ive attached 2 eas that will allow you to set pending orders with stop loss and take profit that will be set when the market opens again, i didnt make it just thought it might be helpful for anyone with a similar problem or theres plenty of uses for it elsewhere