For the past 6 months I've been testing two strategies - let's call them HOLO OPEN and HOLO 30.
HOLO OPEN gave me a win rate of 64% and risk/reward ratio 0.7
HOLO 30 win rate 71% and risk/reward ratio 1.0
Pretty promising scalping strategies. Most importantly they are very simple to use, but you have to take every trade to achieve the above results.
So I was wondering if somebody would be so kind and write two separate MT4 EAs for me ?
Both strategies are based on the attached indicator. Please use the attached presets to avoid confusion.
I would like an EA that opens a long position everytime when the new lower open of the day occures on the H1 time frame and a short position when the new higher open of the day occures also on the H1 time frame.
Everything is explained on the pictures attached below.
EA's inputs/settings needed:
- Start time and end time of EA's operation. For example 9am - 8pm server time.
- Lot size
- Entry safety zone in X points (not pips) explained in the pictures
- SL distance from entry in X points
- SL moving function - if trade is in profit X points move SL X points. For example original SL was -50 points. Trade is now +50 points in profit = move SL 75 points so current SL will be -25 points
- Trailing Stop X level and Trailing Step X level both in points
- TP at X level in points
- Max Slippage X level also in points
- If trade already open allow to open new trades when conditions are met again
This strategy is a little bit more complicated than HOLO OPEN and is based on the TOO SLOW's strategy which is very well explained in this topic:
After months of testing I find it most successful on the 30 min time frame. For some reason on M30 you don't have to follow most of the rules that are described in the topic above to get 70% success rate, so it makes a perfect strategy for an EA.
However main condition of this strategy must be met - open a trade on the border of the zone of interest, which I explained in the more detail way on the picture named HOLO_30 attached below.
EA's inputs/settings are the same as in HOLO OPEN strategy.
Only difference is to not allow EA to open a new trades when any other trade is already open.
I will really appreciate if someone will spare some of his time and create these two EAs.
I have tested many strategies in the pas 5 years but these are the most promising when it comes to the automated trading.
The most beautiful part of these strategies is that you don't have to stare at many indicators, market conditions, patterns, daily newses etc.
You just have to click at the right time almost without thinking.
However sitting in the front of a computer and clicking all day is just a pain in the ass when you know that a proper EA will do this same job for you without one sweat.
I truly hope that these EAs will be helpful and successful not only for me but also for all the Forum Members!
In case of any questions please do not hesitate to ask.
Green pips to everyone !