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SimpleTrade.mq4 (2.07 KB) view

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Opening-Closing:

The opening of the position is performed at the beginning of every day by a simple rule:

if(Open[0]>Open[3]) BUY;
if(Open[0]<Open[3]) SELL;

The closing is performed by the StopLoss or at the beginning of the next day.

Input Parameters:

1. stop - StopLoss level. It is specified in points, stop = 500 on default;

2. lots - lot size, lots = 1 on default;

Testing:

In spite of its simplisity the EA shows good results on the trend markets:

Symbol EUR\USD, period D1:

Symbol EUR\JPY, period D1:

However, the testing on USD\JPY didn't have the positive results. What do you think, why is it so?

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/8462

I made this indicator colored at Zet's request.

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SimpleTrade - high profit! - expert for MetaTrader 4