I would like to share with you guys very simple trading strategy that is giving promising results, which I ones developed myself. I wonder if anybody trades the same way.
Here is description how it works:
Expert Advisor is extremely simple and it works in such a way that is only closing, never opening trades and pending orders.
1. I set in my EA two parameters:
SingleTradeProfit - strategy will close each open trade that has profit larger that this
CloseAllTradesGoal - strategy will close all open trades and pending orders if Equity achieves a goal (basically I put it small - 3 to 7 percent above initial balance)
2. I open trades (around 7-15 sometimes more)
and pending orders manually looking for those that are able to give at least "SingleTradeProfit".
I don't set basically any TP or SL. TP is set automatically in SingleTradeProfit parameter.
3. I wait for the strategy to close all trades and orders after achieving the goal, however to not whipe out the account I close every trade after specific time manually whatever the Equity is (for example after 20 hours when trading 1h charts) - and this is my "stop loss".
That's the basic idea.
In next posts I'll give an example and will publish the EA.
If You have some questions, please ask!