MODIFICATION TO PO LAYER EAs V1.05

1. The new modified EAs will be called the ‘PRO’ version as follows:

Buy Stop Layer PRO v1.00
Sell Stop Layer PRO v1.00
Buy Limit Layer PRO v1.00
Sell Limit Layer PRO v1.00

Please maintain the EAs as four separated EAs as stated above. Please do NOT even bother to suggest to combine them into one EA with the option to choose which to execute. I am a seasoned trader and I have my own reasons for wanting to keep them separated.

2. There are 2 differences between the standard and this new PRO version as follows:

(i) MAX SPREAD 

There will be a user adjustable maximum spread beyond which the EA will NOT trade. Please use points instead of pips and please code in 35 points as the default;

(ii) NO RESTART – THE NEW EA TRADES CONTINUOUSLY

Whereas in the existing PO Layer v1.05, there are 3 closing conditions as follows:

(a) when the individual order TP is hit;
(b) when one of the opened/triggered orders is manually closed by the user; and
(c) when one of the opened/triggered orders is closed by other EA.

In the (a) scenario above, ONLY the particular individual opened order which TP is hit will be closed whereas in scenarios (b) & (c) above, the EA will close up ALL OF THE OPENED ORDERS (with the same Magic Number) if one of the opened orders is being closed manually either by the user or another EA.

So, in this new PRO version, please REMOVE (b) & (c) above, in other words, the new PRO version will only have ONE closing condition which is when the TP of the individual order is hit (scenario (a) above) and it goes without saying that only that particular order will be closed. Please completely REMOVE all the codes related to scenarios (b) & (c) as I am fearful that the bug may reappear and cause me huge losses again. So, in the new Pro version, even when one or more of the opened orders (with the same Magic Number) are being closed manually by the user or by another EA, the new Pro version would just ignore it and just continue to trade as if nothing had happened.

It is VERY IMPORTANT to stress that – just like the existing EA v1.05 – the new EA must always follow the price no matter how volatile the situation is - it never gives up, it always follows the price– PLEASE MAKE SURE THIS FEATURE IS MAINTAINED & KEPT in the new PRO version.

It goes without saying that the RE-START DELAY feature of the existing version 1.05 is to be removed as well.

3. Apart from the 2 differences stated above, the rest of the new EA is exactly the same as the existing PO Layer v1.05. So, the new Max Spread parameters is to be incorporated into the new EA (please code in 35 points as default) and the Re-Start Delay parameter is to be removed.

END.