I have make an very simple EA, not based on any indicator, just make a trap up & down after open market and close all trade after market close.
I have backtested it only on GBPUSD, open trade @ market open 09:00 CET, close all trade @ market close 17:00 CET if any open trade, from 01/7/2004-16/3/1007 with 90% MQ.
Looks good, $1000 growth to $150000(default setting).
Now i still forward test it..
The most important of this EA is Market Hour Setting
Use in pair GU and set market hour setting
StartHour = London market open.
EndHour = London market close.
if your broker is in
1. GMT, Set StartHour = 8, EndHour = 16.
2. GMT+1, Set StartHour = 9, EndHour = 17.
EA Updated (16/03/2007)
I'll forward test this but what time should I use? I'm in EST? Does it matter?
Use the London open, easy to make many PIPs.
Ok, thanks. So if this EA is in CET, is that what London is? Should I still use 9 open and 17 close? (Default)
CET is gmt+1 so, london must in your setting
starthour = 8, endhour = 16.
starthour is london market open, endhour is close..
Thanks, I'll change and see.
This runs on what time frame?
the result when i backtested in 3 TF, M15, M30 & H1.. Looks good..
i'm use M30 to forward test it..
I am confused about, we hv to adjust on broker's time setting at MT4 platform. Not this time of my computer at my rigion ? If I am wrong, correct me.
So, for FXDD's platform what will be the opening & closing ??
Tks / GKBRIA