Originally Posted by altahob

1st strike

Can anyone program an EA for this system which should prove to be very profitable over the long term.

Monday morning @ 01:00 EST (00:00 Central Standard Time) EA should note the opening price for GBP/USD. This will be Monday's opening price as regards this system.

1. Place buy stop 50 pips above Monday open and sell stop 50 pips
below the open, OCO. (One Cancels the Other) When one order is filled, place a 60 pips stoploss on the trade. Make sure you cancel the opposite entry order.

Money management should be 3% of the available account balance per trade.

You are now done for the week until Friday. If you get stopped out, you will be flat the market for the
rest of the week.

2. If system does not get stopped out of the trade it gets entered into, exit five days later at the market on
Friday at 04:00 PM EST (03:00 PM Central Standard Time).

Optional but nice to have extra features:

An overide to allow the trade to be opened on tuesday if it market is closed monday.