Hello friends.
I'm not a programmer but if you're reading this thread you probably are and I need help having an EA created. It's extremely simple.
It's based on the First Strike system of trading. It's a revision of that method. I'm interested in seeing it backtested. I've been trading it for months now and it's done well. I prefer to trade it live so my pure motivation is backtesting.
Here goes...
It's a 1 time set up system for the week then managing the trade.
Four pairs are traded.
EU, GU, GJ, UJ
At 06:00 GMT on Monday of each week set up these straddle trades. (I trade in the CST so right now before Daylight Savings time it's 00:00 on Monday that I set up these trades).
At the opening of the candle at 6 GMT the straddles are 100 pips away for EU, GU and UJ and 150 for GJ.
For example
EU: 1.3000 then a limit order would be set long 1.3100 and short 1.2900
The SL is 120 pips and the TP is 180 pips.
For GJ the SL is 180 pips and TP is 270 pips.
At anytime the PA moves to 1/2 the distance to TP the SL is moved to BE.
When either order is triggered the other is closed.
That's the entire system. It's very simple but very effective.
Any help would be much appreciated. Thanks.
I'm not a programmer but if you're reading this thread you probably are and I need help having an EA created. It's extremely simple.
It's based on the First Strike system of trading. It's a revision of that method. I'm interested in seeing it backtested. I've been trading it for months now and it's done well. I prefer to trade it live so my pure motivation is backtesting.
Here goes...
It's a 1 time set up system for the week then managing the trade.
Four pairs are traded.
EU, GU, GJ, UJ
At 06:00 GMT on Monday of each week set up these straddle trades. (I trade in the CST so right now before Daylight Savings time it's 00:00 on Monday that I set up these trades).
At the opening of the candle at 6 GMT the straddles are 100 pips away for EU, GU and UJ and 150 for GJ.
For example
EU: 1.3000 then a limit order would be set long 1.3100 and short 1.2900
The SL is 120 pips and the TP is 180 pips.
For GJ the SL is 180 pips and TP is 270 pips.
At anytime the PA moves to 1/2 the distance to TP the SL is moved to BE.
When either order is triggered the other is closed.
That's the entire system. It's very simple but very effective.
Any help would be much appreciated. Thanks.