Hi All
This thread is directly related to this one: https://www.forexfactory.com/showthread.php?t=549745
The author of that thread is not interested in EA's. I like the authors idea TooSlow, there is certainly potential. ALL CREDIT to author for the idea.
I have coded an EA with the base rules from this thread. However, time and risk filters have been added to keep out of certain trades. This EA can be configured to run on multiple currency pairs from a single chart. Just make sure you use a 1 HOUR chart. NOTE: It has been coded to work with a 5 digit broker - I'm not sure if it works on a 4 digit broker.
BIGGEST DRAWBACK? Risk Reward Ratio according to the original rules - doesn't quite cut it. The losses can easily wipe out the gains.
I am hoping there are some smart / creative people out there, that can help me improve on this idea, especially:
This thread is directly related to this one: https://www.forexfactory.com/showthread.php?t=549745
The author of that thread is not interested in EA's. I like the authors idea TooSlow, there is certainly potential. ALL CREDIT to author for the idea.
I have coded an EA with the base rules from this thread. However, time and risk filters have been added to keep out of certain trades. This EA can be configured to run on multiple currency pairs from a single chart. Just make sure you use a 1 HOUR chart. NOTE: It has been coded to work with a 5 digit broker - I'm not sure if it works on a 4 digit broker.
BIGGEST DRAWBACK? Risk Reward Ratio according to the original rules - doesn't quite cut it. The losses can easily wipe out the gains.
I am hoping there are some smart / creative people out there, that can help me improve on this idea, especially:
- Risk Reward Ratio
- Avoiding Some Bad Trades
- Milking Some Good Trades for as Much As Possible
Of course, any improvements are welcomed.
VERSION 1.01
- TradingStartHour - hour to start trading.
- TradingStartMinute - minute to start trading.
- TradingEndHour - hour to stop trading.
- TradingEndMinute - minute to stop trading.
VERSION 1.02
- EntryMinRisk - minimum risk in pips.
- EntryMaxRisk - maximum risk in pips.
- EntryMinMovement - minimum retracement before executing order.
THERE MIGHT BE BUGS! USE AT OWN RISK! DEMO FIRST.
NO HATERS OR SPAMMERS, PLEASE!!! REMAIN CORDIAL AT ALL TIMES ELSE YOU WILL BE BANNED.
Attached File(s)
1-2-3 Simple.ex4
29 KB
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406 downloads