Can someone help me with a simple EA?
I traded manually this method, maybe someone done it but so far so good.
An EA will be less time consuming, because this method is traded on H1. Only on EUR/USD.
Here are the basics:
1. TF is H1
2. If there are 3 consecutive bars going down, then issue a buy signal.
3. An option that will allow to set how much a bar is going down, because might be 3 consecutive bars going down only 15 pips each. So we should set this to atleast 40-50 pips (difference between High-Low of each bar) .
4. TP = 100, SL = 50 (these have to be tuned). We need to catch big moves.
5. The EA should work on ECN.
Also, I will appreciate any help given.
I will try to tune the settings by backtesting it and demo trading atleast 1 month. I will post each settings for each pair.
I traded manually this method, maybe someone done it but so far so good.
An EA will be less time consuming, because this method is traded on H1. Only on EUR/USD.
Here are the basics:
1. TF is H1
2. If there are 3 consecutive bars going down, then issue a buy signal.
3. An option that will allow to set how much a bar is going down, because might be 3 consecutive bars going down only 15 pips each. So we should set this to atleast 40-50 pips (difference between High-Low of each bar) .
4. TP = 100, SL = 50 (these have to be tuned). We need to catch big moves.
5. The EA should work on ECN.
Also, I will appreciate any help given.
I will try to tune the settings by backtesting it and demo trading atleast 1 month. I will post each settings for each pair.
Today I BUY, tomorrow I SELL!