Hello,
I am sharing this EA for those who are good at coding or developing strategies. This EA uses a moving pending order with stoploss (OP_BUYSTOP), which moves just down with the price and once the price reverse and moves up enough, buystop is hit and the order is opened. It then openes other positions if the price keeps going up and always moves the SL to last order open price. Check it out, you can code the same stuff for SELL orders, I do not have much time for that.
What I need is to somehow sort out, when to run the code - e.g. just if price > 200 period EMA, etc., because it can be profitable under certain market conditions, and under some of them not (I need you to find the profitable ones). I ran it in backtest in march 2020 and it made 5000%, but was not profitable in other months. If you come up with any solution to make this grid profitable and robust, I will be thankful.
Best wishes
I am sharing this EA for those who are good at coding or developing strategies. This EA uses a moving pending order with stoploss (OP_BUYSTOP), which moves just down with the price and once the price reverse and moves up enough, buystop is hit and the order is opened. It then openes other positions if the price keeps going up and always moves the SL to last order open price. Check it out, you can code the same stuff for SELL orders, I do not have much time for that.
What I need is to somehow sort out, when to run the code - e.g. just if price > 200 period EMA, etc., because it can be profitable under certain market conditions, and under some of them not (I need you to find the profitable ones). I ran it in backtest in march 2020 and it made 5000%, but was not profitable in other months. If you come up with any solution to make this grid profitable and robust, I will be thankful.
Best wishes
Attached File(s)
Improve grid EA.mq4
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717 downloads