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Absurd EA to make a trade every minute! Help Please!

  • #1
  • First Post: Edited Jul 23, 2010 3:09am Jul 22, 2010 7:34pm | Edited Jul 23, 2010 3:09am
Hello guys.

I need your expertise to help create an EA for me. I know it sounds absurd, and its not the right way to trade, but just to see if it works.

The EA should place a buy and sell order 10 secs before each candle closes. So if the EA is put on a 1M chart, there should be 2 new trades every 1 minute.

Stop Loss will be spread + 2 pips

Take Profit will be trailing stop of 0.1

I'm using fxcm, 5 digit broker.

The idea: Minimum nett profit of 1 pip every minute = 60 pips/hour = 1440 pips/day

Lets see how this works. This is just an initial idea. It'll be interesting to see how this works.

Thanks in advance for your help.
  • #2
  • Jul 23, 2010 3:03am Jul 23, 2010 3:03am
Quoting bidalufias
Hello guys.

I need your expertise to help create an EA for me. I know it sounds absurd, and its not the right way to trade, but just to see if it works.

The EA should place a buy and sell order every minute. The trade should be taken 10 secs before the candle closes.

Stop Loss will be spread + 2 pips

Take Profit will be trailing stop of 0.1

I'm using fxcm, 5 digit broker.

The idea: Minimum nett profit of 1 pip every minute = 60 pips/hour = 1440 pips/day

Lets see how this works. This is just an initial idea. It'll be interesting...
You say that the EA should place a buy and sell order every minute. How far apart? And when you say that the trade should be taken 10 seconds before the bar close, give me example by that.
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #3
  • Jul 23, 2010 3:07am Jul 23, 2010 3:07am
i have sent you a PM Oksana.

thank you.
  • #4
  • Jul 23, 2010 4:05am Jul 23, 2010 4:05am
Quoting bidalufias
Stop Loss will be spread + 2 pips
Remember that brokers typically have a minimum pip count which your stop loss has to deviate with from the price. To receive this value call MarketInfo(Symbol(), MODE_STOPLEVEL).

:nerd:
  • #5
  • Jul 23, 2010 4:58am Jul 23, 2010 4:58am
yup. i realize that.

but there are also stops that the EA monitors itself right? so the stops are not placed with the broker.

the EA monitors the price, and if it deviates by 2 pips (in this instance) it will close the trade.
  • #6
  • Last Post: Jul 23, 2010 7:55am Jul 23, 2010 7:55am
Quoting bidalufias
yup. i realize that.

but there are also stops that the EA monitors itself right? so the stops are not placed with the broker.

the EA monitors the price, and if it deviates by 2 pips (in this instance) it will close the trade.
Yes, that's true. I forgot about stealth stop loss.
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