Waddah Attar Pending-Order Strategy and Order Placement Logic

Summary

The document outlines an Expert Advisor inspired by Waddah Attar. It places Buy Limit and Sell Limit orders, then adds another pending order when market price moves close to an existing one. It notes that the EA uses trade transaction events to retrieve the price of a placed order.

The document provides limited implementation context and no detailed entry distances, exit rules, position sizing, or risk controls. It mentions a EURUSD 15-minute backtest from June 2015 through December 2016 using every-tick testing and a stated initial deposit, but includes no performance results or benchmark. The description alone is therefore insufficient to assess profitability, robustness, or suitability across other markets and settings.

Key ideas

• The EA uses both Buy Limit and Sell Limit pending orders.
• It places an additional pending order when price approaches an existing order.
• Trade transaction events are used to obtain the price of a placed order.
• The document cites a EURUSD 15-minute backtest but gives no performance findings.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.