I need simple ideas - Price Action | Forex Factory

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I need simple ideas - Price Action

  • #1
  • First Post: Aug 15, 2016 6:30pm Aug 15, 2016 6:30pm
Hey folks, I am an EA programmer that has written a few EA's that work well.

I am hitting a kind of writers block and can't think of anymore ideas to program....

I don't use a bunch of indicators because they don't work...

Any ideas based on price action? Don't use candle sticks patterns, I already have a moving average strategy, I already have a divergence strategy....

Any ideas?
  • #2
  • Aug 16, 2016 9:08am Aug 16, 2016 9:08am
A quick idea, wait for the price to break and place pending limited buys/sells, if a break down sell, if a break up buy every x amount of pips like grid. Close all when certain pips, or percent of account profit reached and the same for stop loss. You can use just high and lows for a break, a moving average, or other tools.
Looking for profitable short term trades ...|
  • #3
  • Aug 16, 2016 9:59am Aug 16, 2016 9:59am
Quoting Js3mwtRc
A quick idea, wait for the price to break and place pending limited buys/sells, if a break down sell, if a break up buy every x amount of pips like grid. Close all when certain pips, or percent of account profit reached and the same for stop loss. You can use just high and lows for a break, a moving average, or other tools.
Let me get a little more specific.

This is a breakout strategy.

What chart does it trade on 15min? 1 hour? 4 hour?

What do you specifically use for your support and resistance? MA, daily high low, consolidation areas?
-- Its very hard to program consolidation areas.
  • #4
  • Aug 17, 2016 1:19am Aug 17, 2016 1:19am
Quoting Mham2k
{quote} Let me get a little more specific. This is a breakout strategy. What chart does it trade on 15min? 1 hour? 4 hour? What do you specifically use for your support and resistance? MA, daily high low, consolidation areas? -- Its very hard to program consolidation areas.
I will share an example with you. Support and resistance levels are the swing highs and lows, we can use this strategy in any timeframe we think it will be profitable, but better use above 1 hour. Can you use swing high and lows?

EXAMPLE

As you can see in my example when the price broke the first low of the uptrend we had the first signal to place pending limit sell orders in a grid ( 5,10,15, or for bigger timeframes 50, 100 and etc.) this is one way, in the uptrend we could place buy limit orders after the retrace for example below the horizontal line, as you can see we could have profit and we can use buy and sell at the same time. Also you may can use a filter of x amount of pips retrace to start considering selling orders after the break-out, or an x amount of pips of price move on an uptrend to start considering buy limit orders as a threshold. I can answer for any other question, thanks.
Looking for profitable short term trades ...|
  • #5
  • Last Post: Aug 17, 2016 6:03pm Aug 17, 2016 6:03pm
Quoting Js3mwtRc
{quote} I will share an example with you. Support and resistance levels are the swing highs and lows, we can use this strategy in any timeframe we think it will be profitable, but better use above 1 hour. Can you use swing high and lows? EXAMPLE As you can see in my example when the price broke the first low of the uptrend we had the first signal to place pending limit sell orders in a grid ( 5,10,15, or for bigger timeframes 50, 100 and etc.) this is one way, in the uptrend we could place buy...
Thanks about to program it and see what i get
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