Around 2007 I used an EA that simply opened up stop limit orders every X pips and as the market ran through these price points, the order would open and close with an X pip profit. There was no strategy other than positions were opened when the price moved across the stop limits and closed with a defined profit. If the market moved down a lot, it would open many positions and be losing until the market came back up.
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Around 2007 I used an EA that simply opened up stop limit orders every X pips and as the market ran through these price points, the order would open and close with an X pip profit. There was no strategy other than positions were opened when the price moved across the stop limits and closed with a defined profit. If the market moved down a lot, it would open many positions and be losing until the market came back up.
Does anyone know what EA does this.
Thanks for any thoughts.