Hi, I'm a fairly new member here and I would like to share one of my systems. The objective of the thread is to improve the system and hopefully put a EA together.
Here it goes:
Tools
5 minutes EURUSD chart
PWR
Candle range
Rules
PWR determines the trend, positive = bulish, negative = bearish
Do not trade when the candle is bigger than 15 pips
Long
PWR positive
Candle as a higher hi and higher low than the previous one.
Place a pending order at the high + spread with the stoploss on the candle's low and takeprofit at tha candle's size. R:R 1:1
Short
The exact opposite, of course.
Cancel your pending orders when they dont get hit after 3 candles.
After a order is activated no other order can be placed, until it hits tp or sl.
Trading times:
8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1)
Important info on the second chart. (which I use, only because I tested it like that, it's profitability is yet to be determined)
Here it goes:
Tools
5 minutes EURUSD chart
PWR
Candle range
Rules
PWR determines the trend, positive = bulish, negative = bearish
Do not trade when the candle is bigger than 15 pips
Long
PWR positive
Candle as a higher hi and higher low than the previous one.
Place a pending order at the high + spread with the stoploss on the candle's low and takeprofit at tha candle's size. R:R 1:1
Short
The exact opposite, of course.
Cancel your pending orders when they dont get hit after 3 candles.
After a order is activated no other order can be placed, until it hits tp or sl.
Trading times:
8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1)
Important info on the second chart. (which I use, only because I tested it like that, it's profitability is yet to be determined)
Attached File(s)
P4L Clock8.mq4
37 KB
|
2,201 downloads
PwR.ex4
3 KB
|
3,106 downloads
Candle_Range_in_pips.ex4
2 KB
|
2,335 downloads
pwr test.tpl
154 KB
|
2,261 downloads