This is an idea I came up with that can only be done with an EA because of the constant buying and selling. The idea is simple, use the close of the candles to determine the next trade(one trade per candle) so if the candle closes down a sell order is triggered, if the candle closed up a buy order is triggered and this continues at the close of each candle and when the trend ends all previous trades are closed here is an example of how it would work:
red candle- sell 1 lot, red candle- sell 1 lot, red candle- sell 1 lot, green candle- close all short positions and open 1 long position and this will continue all day long.
I think this would work well with a 15 or 30 min chart. It would lose small amounts until a trend is formed then it makes big money.
To make an EA for this you would have to be able to choose:
1) the maxium number of open lots
2) the size of each lot
3) optional s/l and limit settings
and the position open and closing would have to happen immidiatly after the timeframe closes.
I would do it myself but I don't know how to build an EA could anyone help, and let me know what you think of my idea, its so crazy it just might work.
red candle- sell 1 lot, red candle- sell 1 lot, red candle- sell 1 lot, green candle- close all short positions and open 1 long position and this will continue all day long.
I think this would work well with a 15 or 30 min chart. It would lose small amounts until a trend is formed then it makes big money.
To make an EA for this you would have to be able to choose:
1) the maxium number of open lots
2) the size of each lot
3) optional s/l and limit settings
and the position open and closing would have to happen immidiatly after the timeframe closes.
I would do it myself but I don't know how to build an EA could anyone help, and let me know what you think of my idea, its so crazy it just might work.
