No indicators are used in this strategy!
1.Open the daily chart of EURUSD, lots 0.1.
2. As soon as a new candlestick (bar) is formed, open two trades (buy & sell) simultaneously (TakeProfit must be 10 points).
3. TrailingStop and StopLoss place at 50 points.
4. If one of the trades is closed, then open an additional position in the direction of the remaining one.
Test on EURUSD D1 within the period from 2007.01.11 to 2008.01.11:
The working result of the optimized parameters within the period from 2007.01.11 to 2008.01.11:
The profit made over $6,100 within that period, profit factor being equal to 5.81, expected payoff being equal to practically 100!!!
You can see the forward testing results outside the optimization area and the results obtained for other timeframes in our magazine's issue from 14.04.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8074
A simple indicator will be useful for beginners. Even the present optimization.Tro_Mid
Shows when to sell and when to buy, but not so simple.