EA Disclaimer:
For information purpose only. Not responsible for losses.
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Hello Forexfactory,
Presently testing a new system. Feedback and analysis is welcomed.
Pair: EurUsd
Can work for any major liquid pair.
Requirements:
Moving average 1, set on low
Moving average 1, set on high
Buy Rules: When Moving average 1, low, crosses user defined price level on the upside.
Sell Rules: When Moving Average 1, high, crosses user defined price level on the downside.
Exit: If moving average touches the opposite direction otherwise the trade is held for one day. Or at least some hours after the london close.
User Defined Price: Usually a 5 pip range for buy and sell prices. Set on one minute time at around 5 AM GMT. Two hours before london open. The idea is that price will move beyond the 5 pips in the london session. However, the timings may differ from trader to trader based on their needs. The idea is to position before a strong move happens, generally before London Open Or New York Open.
Automation may be necessary as the trader may not be in front of the screen all the time when crossover happens. The EA is attached along with this post.
EA is completed thanks to Dan Ostapyuk ( https://www.forexfactory.com/dostapyuk ) Does quality EA with precise entries and exits. Much recommended.
Regards,
Xpertize
For information purpose only. Not responsible for losses.
---
Hello Forexfactory,
Presently testing a new system. Feedback and analysis is welcomed.
Pair: EurUsd
Can work for any major liquid pair.
Requirements:
Moving average 1, set on low
Moving average 1, set on high
Buy Rules: When Moving average 1, low, crosses user defined price level on the upside.
Sell Rules: When Moving Average 1, high, crosses user defined price level on the downside.
Exit: If moving average touches the opposite direction otherwise the trade is held for one day. Or at least some hours after the london close.
User Defined Price: Usually a 5 pip range for buy and sell prices. Set on one minute time at around 5 AM GMT. Two hours before london open. The idea is that price will move beyond the 5 pips in the london session. However, the timings may differ from trader to trader based on their needs. The idea is to position before a strong move happens, generally before London Open Or New York Open.
Automation may be necessary as the trader may not be in front of the screen all the time when crossover happens. The EA is attached along with this post.
EA is completed thanks to Dan Ostapyuk ( https://www.forexfactory.com/dostapyuk ) Does quality EA with precise entries and exits. Much recommended.
Regards,
Xpertize
Attached File(s)
