Hi,
Looking for someone to code a very simple ea please.
Very simple rules.
This will only trade a break out of either the top or bottom of the daily range set on the first day of every month.
see attached pic.
Buffer of breakout to be variable
tp is the daily range.
This will be a stop and reverse ea with the option to double the lot size on second trade.
So for example
cable daily range for 1st july 2001 is 250 pips
high is broken by 15 pips the next day, go long, take profit 250 pips is hit
ea waits for the next 1st day of the month.
or high is broken by 15 pips , long triggered but over the next few days cable falls , now the ea will sell for double once the low of the first day of the month has been breached. target of 250pips.
So the ea will only execute a max of 2 trades per month.
Just done 4 years visual testing and there were only 4 losers
thanks J
Looking for someone to code a very simple ea please.
Very simple rules.
This will only trade a break out of either the top or bottom of the daily range set on the first day of every month.
see attached pic.
Buffer of breakout to be variable
tp is the daily range.
This will be a stop and reverse ea with the option to double the lot size on second trade.
So for example
cable daily range for 1st july 2001 is 250 pips
high is broken by 15 pips the next day, go long, take profit 250 pips is hit
ea waits for the next 1st day of the month.
or high is broken by 15 pips , long triggered but over the next few days cable falls , now the ea will sell for double once the low of the first day of the month has been breached. target of 250pips.
So the ea will only execute a max of 2 trades per month.
Just done 4 years visual testing and there were only 4 losers
thanks J