View Single Post
  #1630 (permalink)  
Old 07-13-2009, 01:02 PM
bstocking bstocking is offline
Junior Member
 
Join Date: Jul 2009
Posts: 1
bstocking is on a distinguished road
EA Ideas

Hello all,

I wanted to see if anyone knows of an EA that already exists that would place a buy or sell order based on the previous candle's price action. Basically, if the previous candle closed down, then place a sell order at the open of the next candle with a preset TP and SL. If SL or TP has not been hit during that candle, close the order when the candle closes and open a new order repeating the whole process.

The process would work the same for a buy scenario. If the previous candle ended UP, then place a buy order that lasts for the duration of the current candle.

Anyone know of anything like this that already exists? If not, is anyone willing to create an EA to do this? I'm not a programmer by any means, but I am wanting to test this theory. Thanks to all who can help.
Reply With Quote