Excuse my bad English.
This strategy is not mine, is based on thread “Building an equity millipede” of Mr.Graeme “PipEasy”. I am a humblestudentof his wiseteachings. I am eternally grateful.
I want create an EA with following rules:
This strategy is not mine, is based on thread “Building an equity millipede” of Mr.Graeme “PipEasy”. I am a humblestudentof his wiseteachings. I am eternally grateful.
I want create an EA with following rules:
- 1. First all we must determine the direction of the trade with this simple rule:
- a. "buy when price closes above the open price of previous down candle”. When a daily candle close above open price of previous down candle then we only take BUY orders.
- b. "sell when price closes below the open price of previous up candle". When a daily candle close below open price of previous up candle then we only take SELL orders.
- 2. Second time we search an area of entry:
- When 1.a occurs then every time a 4H candle close above open price of previous down candle and above daily open price we open a BUY order. No stop loss. We close all the buys orders when:
a. Current daily price closes below current open price (in losses).
b. First Daily price closes below open price (in profit).
- When 1.b occurs then every time a 4H candle close below open price of previous up candle and below daily open price we open a SELL order. No stop loss. We close all the sells orders when:
a. Current daily price closes above current open price (in losses).
b. First Daily price closes above open price (in profit).
There is no stop loss, drawdown could be large but I think this strategy could be profitable.
Anybody can help me?. Thanks.
That which you give to others, life will return it in spades
