Attached are a couple of ea's. They are set up to be range trading ea's.
It will first establish a 24 hr high and low. The ea will then sell at the high and buy at the low. It will only work with 4 decimal pt values. I can come back later and attach ea's for the 5 decimal place brokers and also the 2 decimal jpy currency crosses. ea will not work with fxcm mt4 or MBtrading mt4 demo.
You may set the pivot calc to any utc hour you want. With my mod...pivot pt will now equal the high for the sell ea and low for the buy ea.
So you will know...I did not create this ea. Instead I modified it to fit the range trading style. Pivot pt calculation is not the true pivot pt so ignore that. PP now equals the high or low.
Give it a try...its a good program. You can make adjustments to the offset to buy above or below the actual 24 hr low or high. You can manage your lot size and other things.
On Aug1 st....program will probably no longer work with US regulated nfa brokers. Not sure what the work around will be. I guess we need to go with regulated European MT4 brokers.
Let me know how it goes and I'll field questions as they come in.
It will first establish a 24 hr high and low. The ea will then sell at the high and buy at the low. It will only work with 4 decimal pt values. I can come back later and attach ea's for the 5 decimal place brokers and also the 2 decimal jpy currency crosses. ea will not work with fxcm mt4 or MBtrading mt4 demo.
You may set the pivot calc to any utc hour you want. With my mod...pivot pt will now equal the high for the sell ea and low for the buy ea.
So you will know...I did not create this ea. Instead I modified it to fit the range trading style. Pivot pt calculation is not the true pivot pt so ignore that. PP now equals the high or low.
Give it a try...its a good program. You can make adjustments to the offset to buy above or below the actual 24 hr low or high. You can manage your lot size and other things.
On Aug1 st....program will probably no longer work with US regulated nfa brokers. Not sure what the work around will be. I guess we need to go with regulated European MT4 brokers.
Let me know how it goes and I'll field questions as they come in.
Attached File(s)
RangeTrade_Buy.ex4
24 KB
|
1,129 downloads
RangeTrade_Sell.ex4
24 KB
|
920 downloads