Hi all,
I am a newbie to this so please dont laugh.
I've finished reading my first forex book "day trading the currency market" by kathy lien. I decided I wanted a programming exercise for myself so I decided to implement an algorithm she describes as "trading the doublezeros", it seemed to be an easy algorithm to implement and I thought it would be fun if it would be possible to make money on such a silly algorithm.
The algorithm goes like this:Basicly - buying when the price is at a value that ends with two zeros. Criteria is also it should be high above/below moving average. I also added an adx check to see if its trending or not (should be trending for a trade)
When I was running this on !!eur/usd!! it seems to be making loads. Can it really be possible to make money on this ?
....I have only been able to run it on the two lasts months of data though. I downloaded metatrader from the metaquotes page and are logged in to a server called "AlpariUK-Demo". Is there any way to get access to more historic data? Is there any provider specificly that has more historic data available than others??
I am attaching the code. I have no clue how correct it is though. It would be fun if you could let me know the result if you can run it on more than 2 months of data.
I believe it has to be run on 1M.
I am a newbie to this so please dont laugh.
I've finished reading my first forex book "day trading the currency market" by kathy lien. I decided I wanted a programming exercise for myself so I decided to implement an algorithm she describes as "trading the doublezeros", it seemed to be an easy algorithm to implement and I thought it would be fun if it would be possible to make money on such a silly algorithm.
The algorithm goes like this:Basicly - buying when the price is at a value that ends with two zeros. Criteria is also it should be high above/below moving average. I also added an adx check to see if its trending or not (should be trending for a trade)
When I was running this on !!eur/usd!! it seems to be making loads. Can it really be possible to make money on this ?
....I have only been able to run it on the two lasts months of data though. I downloaded metatrader from the metaquotes page and are logged in to a server called "AlpariUK-Demo". Is there any way to get access to more historic data? Is there any provider specificly that has more historic data available than others??
I am attaching the code. I have no clue how correct it is though. It would be fun if you could let me know the result if you can run it on more than 2 months of data.
I believe it has to be run on 1M.
Attached File(s)
doublezero.mq4
3 KB
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241 downloads