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Emergency Department Nurse
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I do not work in the financial industry. I enjoy using demo accounts and testing automated programs.
Patrick Burns
Added topic 2nd order not opening when loss level hit
The EA will not open the second order when the first loss level is reached. I have attached the full code and highlighted the relevant section in white. Any hint or pointing in the right direction will be much appreciated. Thank You
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Patrick Burns
A winning strategy on EURUSD from 10/9/12 to 31/12/18. Trades are only opened between 01:20 hrs & 02:00 hrs and all are LONG orders. The EA used does not facilitate incremental lot sizes in relation to account equity, but if the lot size was increased by 0.01 per £15 of equity, the test would not go bust. This is no more than an exercise in curve fitting data, but given the time of day and the brief window of the opening of orders, plus the complete absence of money management, it makes you think what other obscure strategies would be profitable.
STRATEGY:
The EA is operated on the M5 chart. A limit order is placed 14 points below the bar opening price. If the order does not come to market it is deleted at the close of the bar. Maximum trades = 3 open orders. Order closure is by trailing stop loss. Trail starts when order is at 60 points in profit, a trail of 20 points and a step of 10 points. RSI period 14 on the H4 timeframe has to be below 45 for any placement of limit orders, if above 45, no orders are placed.
STRATEGY:
The EA is operated on the M5 chart. A limit order is placed 14 points below the bar opening price. If the order does not come to market it is deleted at the close of the bar. Maximum trades = 3 open orders. Order closure is by trailing stop loss. Trail starts when order is at 60 points in profit, a trail of 20 points and a step of 10 points. RSI period 14 on the H4 timeframe has to be below 45 for any placement of limit orders, if above 45, no orders are placed.
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