Simple EA for London Breakout Strategy: Using highs & lows of candles to place Buy and Sell Stops

Trabalho concluído

Tempo de execução 3 horas
Comentário do desenvolvedor
Honeggeral is a great customer and i hope we work together soon
Comentário do cliente
Awesome Job! Met all expectations!

Termos de Referência

Simple EA for London Breakout Strategy:

I have tested this strategy and it has proven to be pretty successful.

For a certain pair compare the highs and lows of the 7, 8, and 9 Candles when they close. Then based on some simple guidelines, when the 10 candle closes we will put in buy and sell stops.  For instance:

When comparing the 7, 8, and 9 candle close, the 8 candle had the highest out of the three (1.30905) and 9 had the lowest (1.30753).

Opening the BUY/SELL Stop:

1) If the high and Low subtracted is less than 31 pips we will put a buy/sell stop. If it exceeds 31 no trades will executed. For the charts high and lows it comes out to 15.2 pips, so we will place orders. This number is also used as our "risk" number.

2) Calculate the high and low of candle 10.

3) For the Buy stop place the entry price 13 pips above the candle 10 high, with a 30 pip take profit (total of 43 pip movement upward from candle high). Set SL to 15.2 pips from candle high and have the order expire at 14:00.

3) For the Sell stop place the entry price 13 pips below the candle 10 low, with a 30 pip take profit (total of 43 pip movement downward from candle low). Set SL to 15.2 pips from candle low and have the order expire at 14.00.

And that's it! Below is example of lines where entry, tp, and SL would be. Let me know if you have any questions.


Respondido

1
Desenvolvedor 1
Classificação
(414)
Projetos
670
33%
Arbitragem
60
17% / 32%
Expirado
113
17%
Trabalhando
2
Desenvolvedor 2
Classificação
(365)
Projetos
412
36%
Arbitragem
35
26% / 57%
Expirado
63
15%
Livre
3
Desenvolvedor 3
Classificação
(430)
Projetos
606
55%
Arbitragem
48
23% / 56%
Expirado
176
29%
Livre
4
Desenvolvedor 4
Classificação
(618)
Projetos
1428
59%
Arbitragem
31
81% / 0%
Expirado
10
1%
Livre
Pedidos semelhantes
I need a AI signal generating bot for forex trading that use the latest ai technology to track real time forex market, analyse and give signals. The bot should operate such that when i put it in a chart it will analyse the market, after several minutes it will display whether the trade is buying or selling. It should display the one minute, five minute,15minute, 30 minute, one hour, 4 hours and daily time frame
step by step and structure this into a full IEEE 830 / ISO/IEC/IEEE 29148 style Requirements Specification. This format will include: Introduction System Overview Functional and Performance Requirements Traceability Matrix (linking requirements to test cases) Verification and Validation Compliance Standards 1. Introduction 1.1 Purpose The purpose of this document is to define the technical requirements for the
Hello, I’m reaching out because I’m interested in hiring you to develop a custom trading bot for me. The bot should trade only XAUUSD (Gold) and be designed for long-term account growth using my own trading account size. Here are the core requirements: - Account size: $300 - Asset: XAUUSD only - Risk management: Strict and properly controlled - Risk-to-reward ratio: Clearly defined and consistently applied -

Informações sobre o projeto

Orçamento
30 - 50 USD