Apologize my english:
I need code this rules in an EA, I think it could be profitable in JPY pairs.
1. BUY: When price exceeded by 2 pips + spread the high of range of the first 4 hours of day (GMT+3). Stop Loss at the low of the range + 1 pip.
2. SELL: When price exceeded by 2 pips + spread the low of range of the first 4 hours of day (GMT+3). Stop Loss at the high of the range + 1 pip.
3. NO TRADE: If range of first 4 hours is more than 50 pips.
4. Position Size: 2 lots, 2 minilots, 2 microlots.
5. CLOSE IN PROFIT: If price reaches the same range as the first 4 hours will close a position in profit and move the stop loss of the open position to Breakeven. This position will close when a 1 hour DOWN candle close below the open of previous 1 hour UP candle.
6. CLOSE IN LOSSES: If price does not reach the target and reaches the other extreme of range then execute the stoploss and open the opposite order with double position (4). The goal will be the middle of range of the first 4 hours and stop is the same. In case of loss will not open more orders in the day.
7. All operations are closed at the end of the day.
8. Only 1 trade per day, in the first breakout of day, or maximum 2 if first trade reach the stop loss.
What do you think about it?
Regards.
I need code this rules in an EA, I think it could be profitable in JPY pairs.
1. BUY: When price exceeded by 2 pips + spread the high of range of the first 4 hours of day (GMT+3). Stop Loss at the low of the range + 1 pip.
2. SELL: When price exceeded by 2 pips + spread the low of range of the first 4 hours of day (GMT+3). Stop Loss at the high of the range + 1 pip.
3. NO TRADE: If range of first 4 hours is more than 50 pips.
4. Position Size: 2 lots, 2 minilots, 2 microlots.
5. CLOSE IN PROFIT: If price reaches the same range as the first 4 hours will close a position in profit and move the stop loss of the open position to Breakeven. This position will close when a 1 hour DOWN candle close below the open of previous 1 hour UP candle.
6. CLOSE IN LOSSES: If price does not reach the target and reaches the other extreme of range then execute the stoploss and open the opposite order with double position (4). The goal will be the middle of range of the first 4 hours and stop is the same. In case of loss will not open more orders in the day.
7. All operations are closed at the end of the day.
8. Only 1 trade per day, in the first breakout of day, or maximum 2 if first trade reach the stop loss.
What do you think about it?
Regards.
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