how about a elliot oscillator. While i think a 100 pip move a day is unreasonable, and move of 10+spread a day could not be far off.
Objective: To average 100 pips per day each week
Setup: 1hr chart with Stochastic Oscillator set at 7,3,3, Low/High, Simple
Pairs Traded: Figures below are for GBPJPY since it has the bigest swings - havent tested on others, their SL & TP would have to be adjusted.
Trade Execution: At the 9:00 GMT and 13:00 GMT each day place a buy/sell according to the location of the Stochastic.
If the Stoch is BELOW the signal level you would SELL, if above you would BUY.
For EA settings and performance results see next posting.
I would apprecieate any input on refining the process for more optimal results.Ignored
In the process of doing just that.
Most likely will be switching indicators to one that has less lag and better performance.
Will test a few days before releasing a new EA.
It is the Solar Winds indicator (attached).Ignored
I had this EA running since January 9, and trades were opened on two days.
The 14th and the 17th.
Is there something in the system I'm missing?Ignored
Solar Winds repaints.Ignored
The 0900 and 1300 times that you are using is that the open of London and open of US markets?
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