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SIMPLE EA for a simple method needed!! 2 replies

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Attachments: Trading is as simple as 1-2-3
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Trading is as simple as 1-2-3

just make a quick EA to check on the entries , using 5 pips trailing stop
a back test result looks like the system has potential
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patience is a virtue
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Classic Buy setup.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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Classic sell setup.

I repeat this so new comers don't have to go back to the first post.


A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
ok, as pormised
attached the EA file...
entry logic as below :
for long :Low[1] == Low[iLowest(NULL,0,MODE_LOW,24,0)] && Low[0] > Low[1] && Low[0] < Open[0]
&& ( Open[0] - Low[0] > 0.3 *(Open[0] - Low[1]) || Open[0] - Low[0] > 100*Point )
&& Bid > Open[0]
for short:High[1] == High[iHighest(NULL,0,MODE_HIGH,24,0)] && High[0] < High[1] && High[0] > Open[0]
&& ( High[0] - Open[0] > 0.3 *(High[1] - Open[0]) || High[0] - Open[0] > 100*Point )
&& Ask < Open[0]
Attached File(s)
File Type: ex4 EA 123 00.ex4   32 KB | 362 downloads
patience is a virtue
Quoting blueseahorse
ok, as pormised attached the EA file... entry logic as below : for long :Low[1] == Low[iLowest(NULL,0,MODE_LOW,24,0)] && Low[0] > Low[1] && Low[0] < Open[0] && ( Open[0] - Low[0] > 0.3 *(Open[0] - Low[1]) || Open[0] - Low[0] > 100*Point ) && Bid > Open[0] for short:High[1] == High[iHighest(NULL,0,MODE_HIGH,24,0)] && High[0] < High[1] && High[0] > Open[0] && ( High[0] - Open[0] > 0.3 *(High[1] - Open[0]) || High[0] - Open[0] > 100*Point ) && Ask < Open[0] {file}

Logic does not follow the rules of this method.

Low of H1 bar[1] should equal low of D1 bar[0].

Thank you for your generosity.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
{quote} Logic does not follow the rules of this method. Low of H1 bar[1] should equal low of D1 bar[0]. Thank you for your generosity.
ok, here is source file. welcome to give it modification and optimizations.
hope you can develop a fine trade tool with your system.
Attached File(s)
File Type: mq4 EA 123 00.mq4   18 KB | 561 downloads
patience is a virtue
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 40 KB


Not the optimal time to trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting blueseahorse
{quote} ok, here is source file. welcome to give it modification and optimizations. hope you can develop a fine trade tool with your system. {file}
Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 39 KB


Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 41 KB


Next hour.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 39 KB


Next hour.

I repeat this so new comers don't have to go back to the first post.


A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Still waiting...

Prices making new daily highs and daily lows.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 40 KB


Trade entered. Stops in place.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 39 KB


Out +10
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
hi tooslow

i cant understant ME

i cant decode you
please tell me if is right now
thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 60 KB
Quoting athens
hi tooslow i cant understant ME i cant decode you please tell me if is right now thanks {image}
You are getting warmer...

Buy when bar[0] TESTS THE NEW DAILY LOW of bar[1] and then RETURNS TO bar[0] open.

The red/blue arrowheads on my chart do not indicate new daily high/daily low. Do the arrowheads confuse you?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 40 KB


Trade entered. Stops in place.

I repeat this so new comers don't have to go back to the first post.


A bar makes a NEW DAILY high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.

A bar makes a NEW DAILY low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.

Let me rephrase in the form of yes/no or true/false questions.

1) Did a new daily high or new daily low happen during the previous bar. If YES/TRUE go to question 2, otherwise find another pair.

2) Did this bar test ( get near ) the new daily high or new daily low of the previous bar. If YES/TRUE go to question 3, otherwise find another pair.

3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open, otherwise do not enter the trade.

"Successful people ask better questions, and as a result, they get better answers." - Tony Robbins

Socratic method is named after the classical Greek philosopher Socrates. It is a form of inquiry and discussion between individuals, based on asking and answering questions to stimulate critical thinking and to illuminate ideas.


Please understand none of this is original or new and this is presented for EDUCATIONAL PURPOSES ONLY. You may find your results may differ. Please check with an accredited financial specialist before using real money. FOREX trading can be risky. YOU HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 42 KB


Waiting...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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Still waiting...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 41 KB


stopped out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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