I would like an ea written for a very simple straightforward system. Here are the rules
I assume you know what an inside bar system is. i just can't find an ea for it.
Would like to risk 5% of equity on each trade. Make this a variable though.
Would like to be able to change the amounts for take profit and stoploss
changes to an up direction.
thanks in advance
I assume you know what an inside bar system is. i just can't find an ea for it.
Would like to risk 5% of equity on each trade. Make this a variable though.
Would like to be able to change the amounts for take profit and stoploss
BUY SIGNAL
Only use a daily chart and check for signals at the close of each daily bar
on the evenings.
21 SMA must be trending up and not flat.
An inside bar must form.
Place a buy order 5 pips +spread above the top of the inside bar.
Place the stop loss at 50
Place a take profit at 100.
Do not remove trade until either the entry is triggered or the 21 SMA
changes to a down direction.
SELL SIGNAL
Only use a daily chart and check for signals at the close of each daily bar
on the evenings.
21 SMA must be trending down and not flat.
An inside bar must form.
Place a sell order 5 pips +spread below the bottom of the inside bar.
Place stop loss at 50
Place a take profit at 100.
Do not remove trade until either the entry is triggered or the 21 SMA
changes to an up direction.
thanks in advance