Here is one more Idea i was manually backtesting for a couple of day's.
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Pair used : GBPJPY (because it's one of the most volatile pair and it has big movements 24/5)
Lot's used : 0.1 for per 2K (because it can make 6,000+ pips in 5 days or so, in 1 day it can lose 1,000 pip as well as gain 3,000)
Timeframe used : 1 hour
Indicators used : 2 Moving Averages (66, simple, close (color red)), (50, simple, close (color blue)). (because it shows the break we need).
Trade long when : 50MA crosses 66MA up
Trade short when : 50MA crosses 66MA down (yes, simple as that)
Keys to the system:
- We trade every new 1 hour candle open.
- 3 entries every hour.
- 3 different stop losses for each position.
- 3 different take profits for each position.
Position #1 : 70TP - 50SL
position #2 : 60TP - 40SL
Position #3 : 50TP - 30SL
All of them are opened at the same time (!)
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Here is the EA, Thanks to uafx for his great help
_________________________________________________________________
Pair used : GBPJPY (because it's one of the most volatile pair and it has big movements 24/5)
Lot's used : 0.1 for per 2K (because it can make 6,000+ pips in 5 days or so, in 1 day it can lose 1,000 pip as well as gain 3,000)
Timeframe used : 1 hour
Indicators used : 2 Moving Averages (66, simple, close (color red)), (50, simple, close (color blue)). (because it shows the break we need).
Trade long when : 50MA crosses 66MA up
Trade short when : 50MA crosses 66MA down (yes, simple as that)
Keys to the system:
- We trade every new 1 hour candle open.
- 3 entries every hour.
- 3 different stop losses for each position.
- 3 different take profits for each position.
Position #1 : 70TP - 50SL
position #2 : 60TP - 40SL
Position #3 : 50TP - 30SL
All of them are opened at the same time (!)
_________________________________________________________________
Here is the EA, Thanks to uafx for his great help
Attached File(s)
GJ_3STRIKES_EA.mq4
7 KB
|
441 downloads
|
Uploaded Mar 26, 2015 4:07pm
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