If it's an ecn broker, spread has to be lower than 0.3. (max 0.2) If you don't pay commission, which means commission is added to the spread, maximum 0.8 is tolerable. An EurUsd spread which is higher than these values means just one thing. Your ...

Simplicity is the Ultimate Sophistication

If it's an ecn broker, spread has to be lower than 0.3. If you don't pay commission, which means commission is included in the spread, maximum 0.8 is tolerable. An EurUsd spread which is higher than these values means just one thing. Your broker is ...

Simplicity is the Ultimate Sophistication

Yes, definitely.

Simplicity is the Ultimate Sophistication

There is an other way to eliminate spread. Instead of opening buy/sell stop orders, ea can track bid price and when price touches one of your levels, ea open a market order. So this prevents unwanted entries caused by high spread.

Simplicity is the Ultimate Sophistication

MaxSpread is an insurance to protect trades from the negative effect of high spread. It won't change your tp & sl.

Simplicity is the Ultimate Sophistication

You're wellcome.

Simplicity is the Ultimate Sophistication

Today is a very good example to show the negative effect of high spread. EurUsd price has moved upwards, touched SL @ 1.0685 and continued to rise up till 1.06892 and returned back. If you took the second recovery trade, your buystop @ 1.06900 would ...

Simplicity is the Ultimate Sophistication

Ea external variable settings, MaxSpread = 0.5 (default value) Please read post #372 @ page 19. And current ea version is 05. strongly advised to use latest version.

Simplicity is the Ultimate Sophistication

Your spread is too high. You can still use the ea by adjusting MaxSpread setting. For better spreads, check icmarkets, pepperstone, onetrade.

Simplicity is the Ultimate Sophistication

Could you please write your current bid, ask price of EurUsd?

Simplicity is the Ultimate Sophistication

Timnyman94, Don't forget to change it to 09:00. And also check your EurUsd spread . It should be smaller than the value of MaxSpread (default 0.5)

Simplicity is the Ultimate Sophistication

LondonSessionOpeningTime = 10:00

Simplicity is the Ultimate Sophistication

EA always checks spread. If spread is higher than your default MaxSpread= 0.5 , no pending orders will be opened.

Simplicity is the Ultimate Sophistication

Your EurUsd price feed is 4 digits, not 5. Spread is higher than usual = 1 pip. This ea has been designed to work on 5 digit brokers. Next ea version will support 4 digit brokers.

Simplicity is the Ultimate Sophistication

LondonSessionOpeningTime = 10:00 Your spread is higher than default. Change it to 0.9

Simplicity is the Ultimate Sophistication

LondonSessionOpeningTime = 03:00

Simplicity is the Ultimate Sophistication

Closed out @ SL. Done for today. Those who are deciding to take second recovery trade, here's the new buy/sell stop levels Buystop @ 1.06900 Sellstop @ 1.06700

Simplicity is the Ultimate Sophistication

Hi kumar. I need your market watch time?

Simplicity is the Ultimate Sophistication

Remove the ea, attach it again. Change your LondonSessionOpeningTime = 10:00. take a screenshot

Simplicity is the Ultimate Sophistication

What is your market watch time right now?

Simplicity is the Ultimate Sophistication