I was wondering if any of the programmers thought that this idea may be worth exploring.
The idea is very simple. The range bars in the examples are 15 pip range bars. Buys and sells are simply generated when for example an up bar close is breached by the next bar ie price closes higher than the high of the last bar and then price retreats to the open of the breach. It is at this point that the ea will go long.
I have enclosed examples from 1999 and 2010 to show the consistency of the method.
Visual testing looks good. Take profit variable, with hard stop of range bar size + 3 pips.
Orders are only valid for the next 3 bars, if not executed they should be removed.
That's all there is to it. All help appreciated.
Thanks J
The idea is very simple. The range bars in the examples are 15 pip range bars. Buys and sells are simply generated when for example an up bar close is breached by the next bar ie price closes higher than the high of the last bar and then price retreats to the open of the breach. It is at this point that the ea will go long.
I have enclosed examples from 1999 and 2010 to show the consistency of the method.
Visual testing looks good. Take profit variable, with hard stop of range bar size + 3 pips.
Orders are only valid for the next 3 bars, if not executed they should be removed.
That's all there is to it. All help appreciated.
Thanks J