The Pending Order EA is designed around the Pending Position Strategy (PPS) and integrates an advanced trading algorithm. This strategy incorporates several key elements, including a custom indicator, trendlines, support and resistance levels, and a proprietary trading algorithm. These components form a cohesive system to optimize trade entries and manage positions precisely.
Key Features and Capabilities
- Advanced Trading Algorithm – The Pending Order EA’s algorithm plays a crucial role in the execution of trades. It incorporates a system for collecting statistics and controlling slippage, allowing the EA to assess the quality of a broker’s execution before placing an order. This helps mitigate potential issues arising from broker tactics, ensuring a higher level of protection for the trader.
- MultiCurrency Support on a Single Chart – The EA supports multi-currency trading, allowing users to manage positions across various currency pairs from a single chart. This feature simplifies the trading process by reducing the need for multiple charts and enabling a more streamlined trading experience.
- News Filter and Auto GMT Time – To further enhance trading accuracy, the Pending Order EA includes a news filter to avoid trading during high-impact news events. Additionally, it automatically adjusts for GMT time, ensuring that the EA operates according to the correct market timings without requiring manual input from the user.
- Martingale and Averaging: This EA does not employ the Martingale strategy, which is known for doubling down on losing trades. However, it does use an averaging strategy. This entails trading several deals simultaneously. While averaging carries its risks, it’s less hazardous compared to Martingale. Yet, potential users should be aware of and weigh their risk appetite accordingly.
Recommendations
- Minimum of 1000$ standard account or equivalent cent account for 0.01 lot and 3 Pairs and Trading 2 pairs at the same time.
- Work best on EURCHF, EURGBP, and EURUSD. (Work on any currency pair)
- It works best on H1 and H4. (Work on any TimeFrame)
