Many traders like to place pending orders above and below the previous day high and low price.
This forex robot does the job for you. It places 2 pending orders: 1 order to buy the currency pair 2 pips above the previous day high price and another order to sell 2 pips below the previous day low price.
The default profit target for both pending orders is 10 pips. Take profit and stop-loss values can be changed using the EA inputs tab. It’s recommended to use this robot on the EUR/USD and GBP/USD pairs.
Buy trade(s): EA opens a buy order if the price breaks 2 pips above the previous day high price and closes the trade for 10 pips.
Sell trade(s): EA opens a sell order if the price breaks 2 pips below the previous day low price and closes the trade for 10 pips.
Currency pairs: EUR/USD + GBP/USD
Best time frames: N/A
Trade time: The robot places 2 pending orders at 00.00 GMT. One order to buy and one order to sell.
Configurable Expert Advisor Options
Stop-loss, take profit, threshold, lot size, magic number,…