Hello, I have been using a simple EA that trades on the break of the previous candlestick's High or Low. It has been working really well on XAU on the daily TF with a 10 pip PT and 5 pip SL. 20pt - 10sl also works well too... Backtesting from 2011 through to today as well as testing each individual month has a 50% win rate, with a 1:2 RR it has been working really well so far.. It works well on XAG with a 5p PT and 2.5p SL.
I would like to try something different though...
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What I am after is a EA that will :
Trade on the break of the previous Daily Candle's high or low
With a SL on the opposite side of the current candlestick..
and closes the trade when the current Daily Candle closes...
Lot size would Risk a % of your account..
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That's about it really... It doesn't need to have any other filters or complicated inputs..
Here is the EA I have been using if you would like to look at the Code... Maybe you could just modify it to do what I have asked above.. It's a great little EA but only seems to work well on daily... Give it a test on XAU with a 10 PT and 5 SL...
Thank you..
I would like to try something different though...
================================
What I am after is a EA that will :
Trade on the break of the previous Daily Candle's high or low
With a SL on the opposite side of the current candlestick..
and closes the trade when the current Daily Candle closes...
Lot size would Risk a % of your account..
=================================
That's about it really... It doesn't need to have any other filters or complicated inputs..
Here is the EA I have been using if you would like to look at the Code... Maybe you could just modify it to do what I have asked above.. It's a great little EA but only seems to work well on daily... Give it a test on XAU with a 10 PT and 5 SL...
Thank you..
