Experts: Simple EA

 

Simple EA:

The simplest robot that buys and sells!

"The idea is to buy (say) some 0.01 lot at the current price. Once the price increases by (say) 46 points, the deal is closed (with a profit). Then repeat, etc. But if the price goes in the wrong direction (say) 31 points, the is closed (but with a loss). And a sell deal is then opened. After the price makes 46 points down, close with a profit or if goes 31 up, close with a negative result. And so on, the cycle is repeated "

Author: Viktor Mossekhin

 
What idea are driving at ? Explain your into details.
 

Hi,

 Do you have an equivalent code for MT4? Please share.

 

Thank you. 

 
works amazing (almost break-even) with the right SL and TP !
 
I got not a single execution at all on backtest on EURUSD ! do i have to set something ? 
Reason: