Straddle EA

Straddle EA

The main use of Straddle EA is to trade at the major fundamental news events. It opens 2 pending orders Buy Stop and Sell Stop to capture the market single direction movements at the time of news.

The EA will run from “News Time – Seconds before News Time” to “Expiration Time”. These are the sequence of states in the EA:

Waiting: Before “News Time – Seconds before News Time”. The EA is waiting to start.
Passed: The EA started and trade executed.
Expired: The EA expired, after the expiration time.

After you attached the EA to a chart it will show the following information on the chart:

Type of trade opens at activation.
Trade settings information: lot, gap, TP & SL.
Trailing Setting.
Trade activation and expiration time.
Current status of the EA: Waiting, Expired, and Passed.

 

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