Free Forex MQL Training

If you would like to straddle and on the other hand are not willing to notify your broker upfront then placing pending orders is not a good idea. One approach to this problem is to watch the market constantly till the breakout from either direction happens and then place a market order. However, the manual approach could be daunting. I have developed an Expert Advisor that takes care of this job for you. All you need to do is to attach the EA to a chart and then define the trade settings. You can also visually move the straddling lines to the proper levels. The EA enters the trade without your presence at your desired breakout levels*. You may limit the EA to one direction or let it trade in both directions. You could place the short breakout line below the long breakout line or above it. The latter enables you to simulate buy limit and or sell limit orders.

How the "TradeStraddle" EA Works

Watch the following video for more information about this EA. Click here to see the video in full size.

Download TradeStraddle [download]

Click here to download the EA. This is the compiled version of the EA which can be used both on demo and live accounts. The source code is only available to my paid students. If you would like to register to my online MQL course and have access to the source code of this Expert Advisor and many other EAs, Indicators, and Scripts click here.

Important Note: This EA is not a fully automated trading system. I have designed it to help you with your existing trading strategy. Do not consider it as a trading system. It is just a tool to make your trading experience more comfortable. I strongly suggest finding a trading strategy that matches this EA before using it. Also I do not take responsibility of the results you may get by using this Expert Advisor or any other tools published on ForexBrace.com. Neither this website nor I offer financial advice. I am also not responsible for any malfunctions of the programs offered on this website. Risk Warning!

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*I cannot be held responsible for the malfunction of this Expert Advisor. User discretion is advised.