Yes, it could be done one of two ways.
It could be done as a script that would the activated on each bar open. which means you would have to activate the script on every 4 hour open.
Or a more sensible way is to program an EA to do this. on every open of a new bar. To do this you would have to decide on several things.
the time frame for the bar to be looked at
the amount of the test zone above and below the high and low
the postion size
If the order has an expiration
Are you going to exit manually?
Do you have a auto Takeprofit in mind and how much?
Do you have stoploss in mind and where or how much?
Just to name a few. This would need to be structured more like complete system.
Wow Scott, I'm going to start calling you Tesla.
