Dear Admin,this is a strategy. Please do not move it to indicators section.Thanks.
Appreciate if anyone can code this simple Asian hours Range Breakout SYSTEM entering European start (USD pairs):
Place Buy stop Xpips above Asian hours highest price level and Sell stop Xpips below lowest level (OCO orders). Enter 2 separate lots at same time.
Set first lot's Stop loss level away from entry at half the total Asian hour range.
Set 2nd lot's Stop loss level away from entry at the other end of the total asian hours' range.
Take profit of 1st lot at total distance of Asian hour range and trigger a trailing stop (of half the range distance) for 2nd lot simultaneously.
There should be similar EAs around, google or search the forums for box trading EAs, most of them trade the Asian breakouts etc., a minor modification will get them to trade in the manner you described.
There are few EAs are here in public section.
As I remember - I moved one similar post to some similar thread. But there are many of very similar indicators and few EAs on the forum.
There is a similar idea with indicator which is also found in this section but seems like the author also can't find a similar EA.
It is not exactly what you asked but similar and may be improved: https://www.mql5.com/en/forum/173441
and look at this thread: https://www.mql5.com/en/forum/178827 - thread is big but may be some EA is inside there.
Besides, AsianHighAsianLow v1.2 EA ... one member created it with 1 thread in public and 2 threads in elite section and after that asked me to delete all the threads ...
So, if you find something with someone posted valuable - copy it to some other thread Just in case we all can find it after.
Thanks for the links, NewDigital. Let me check it out and find any other valuable stuff on this.
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