Hello friends!
I trade for several months this system with great success, now i would like to programm it into an EA. So… Basically, i have some skills regarding mq4, but not enough to program it…
I trade the following pairs:
GBP vs. USD,
GBP vs. NZD
GBP vs. JPY
GBP vs. AUD
GBP vs. CAD
GBP vs. CHF
Strategy:
Simple Breakout system, the Trigger ist the high – low oft he Tokio Session, 10 minutes after Tokio Market close i open 3 pending Orders in both directions. (5pips higher than Tokio High – buy, 5 pips lower than Tokio Low – sell)
Pending Orders:
5Pips upper than Tokio High - 3x Pending Buy.
5Pips lower than Tokio Low - 3x Pending sell.
Ordersize for the Orders: (in my case, in the EA we should be able to set them)
1x 0.6 LOT with 15PIPS TP
1x 0.2 LOT with 30 pips TP
1x 0.2 LOT with fixed close at 22.00 (GMT +1)
StopLoss / TakeProfit: (Success Key Feature!!)
SL is todays Tokio High (for executed Short orders) and todays Tokio Low (for executed Long orders).
There are 3 Positions open, the first TP is 15Pips for the 0.6 LOT Order, if reached, i set the stop for the two remaining positions (together 0,4 LOT) to +5 PIPs.
Is also the second TP reached (Price moves 30pips + Spread in my direction) the second Position is closed too and the stop for the remaining 0.2 LOT is set to +10Pips Profit.
The remaining Position with 0.2 LOT stay in the market till we
1)get kicked out at 10Pips Profit or
2)till it´s 22.00. At 22.00 the order have should be closed by EA.
If neither of the two triggers (5Pips upper than Tokio High and 5Pips lower than Tokio Low) are reached till 18.00, all remaining Pending Orders be deleted. Also all untriggerd orders will be closed at this time!
An example:
GBP/USD…
Tokio High: 1.5500
Tokio Low: 1.5430
So there are 3 Pendinorders Long setted @ 1.5505 and 3 pending Orders @1.5425. The price wents down and trigger the 3 sell Orders @ 1.5425. The first TP fort he 0.6Lot is reached @ 1.5410, so we trail the SL to 1.5425 (SL is now +5pips Profit for the two remaining positions)
Now there are 2 possible scenarios
1)Price pull back and close the remaining 2x 0,2 LOT with 5Pips in Profit
2)Price forward downtrend and reach also the second TP +30Pips, SL or the last 0,2 LOT is set to +10Pips now
If scenario 1 happend the short session is over (long pending orders still available for triggering).
If scenario 2 happen the short session is still alive with the remaining 0.2 LOT, they will be closed now with +10 Pips SL (remember, if TP2 is hit we set the SL fort he last 0,2 LOT to +10 Pips, in this case @ 1.5415) or @ 22.00
All time destinations for this system is Austria (Vienna) Time (GMT+1)
Sooo ... Bacically, that's it!
Who is able to transform the strategy into an EA?
These are all logical operations - Tokio HIGH-LOW - 10min. later 3 Pending Orders 5Pips over the High and 5 pips under the low - Close the positions according to the upper written rules.
Have a nice day and Happy Trading
Regards Andi
I trade for several months this system with great success, now i would like to programm it into an EA. So… Basically, i have some skills regarding mq4, but not enough to program it…
I trade the following pairs:
GBP vs. USD,
GBP vs. NZD
GBP vs. JPY
GBP vs. AUD
GBP vs. CAD
GBP vs. CHF
Strategy:
Simple Breakout system, the Trigger ist the high – low oft he Tokio Session, 10 minutes after Tokio Market close i open 3 pending Orders in both directions. (5pips higher than Tokio High – buy, 5 pips lower than Tokio Low – sell)
Pending Orders:
5Pips upper than Tokio High - 3x Pending Buy.
5Pips lower than Tokio Low - 3x Pending sell.
Ordersize for the Orders: (in my case, in the EA we should be able to set them)
1x 0.6 LOT with 15PIPS TP
1x 0.2 LOT with 30 pips TP
1x 0.2 LOT with fixed close at 22.00 (GMT +1)
StopLoss / TakeProfit: (Success Key Feature!!)
SL is todays Tokio High (for executed Short orders) and todays Tokio Low (for executed Long orders).
There are 3 Positions open, the first TP is 15Pips for the 0.6 LOT Order, if reached, i set the stop for the two remaining positions (together 0,4 LOT) to +5 PIPs.
Is also the second TP reached (Price moves 30pips + Spread in my direction) the second Position is closed too and the stop for the remaining 0.2 LOT is set to +10Pips Profit.
The remaining Position with 0.2 LOT stay in the market till we
1)get kicked out at 10Pips Profit or
2)till it´s 22.00. At 22.00 the order have should be closed by EA.
If neither of the two triggers (5Pips upper than Tokio High and 5Pips lower than Tokio Low) are reached till 18.00, all remaining Pending Orders be deleted. Also all untriggerd orders will be closed at this time!
An example:
GBP/USD…
Tokio High: 1.5500
Tokio Low: 1.5430
So there are 3 Pendinorders Long setted @ 1.5505 and 3 pending Orders @1.5425. The price wents down and trigger the 3 sell Orders @ 1.5425. The first TP fort he 0.6Lot is reached @ 1.5410, so we trail the SL to 1.5425 (SL is now +5pips Profit for the two remaining positions)
Now there are 2 possible scenarios
1)Price pull back and close the remaining 2x 0,2 LOT with 5Pips in Profit
2)Price forward downtrend and reach also the second TP +30Pips, SL or the last 0,2 LOT is set to +10Pips now
If scenario 1 happend the short session is over (long pending orders still available for triggering).
If scenario 2 happen the short session is still alive with the remaining 0.2 LOT, they will be closed now with +10 Pips SL (remember, if TP2 is hit we set the SL fort he last 0,2 LOT to +10 Pips, in this case @ 1.5415) or @ 22.00
All time destinations for this system is Austria (Vienna) Time (GMT+1)
Sooo ... Bacically, that's it!
Who is able to transform the strategy into an EA?
These are all logical operations - Tokio HIGH-LOW - 10min. later 3 Pending Orders 5Pips over the High and 5 pips under the low - Close the positions according to the upper written rules.
Have a nice day and Happy Trading
Regards Andi
