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Originally Posted by jacoba
Hi Optimu,
I think this is a GREAT idea to make the EA and test the idea.
I am not a programmer ( i am blind ), but maybe this trading idea we may tested with an EA.
My trading idea is for eur/usd and the EA should open onetime a day only.
1. input = close value from the bar at GMT.8:00 ( i am using NF. its GMT.11:00)
2. BUY = close value + 25 pips
3. SELL = close value - 25
4. SL = 30 pips
5. TP = 100 pips / trailing.
6. Time Frame = 1M
I hope the EA can be adjusted to change the SL ada TP.
Please add any input to make it better trading idea.
Thank's and all the best profit to you all
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This is the EA. I have added that all position that are left open or waiting (buystop, sellstop orders) should be closed(deleted) at 8 gmt the following trading day. You can adjust the oppening hour, stop loss, take profit, and margin wich is the distance from the 8 gmt close (in your example +/- 25 pips). I have put a trailing stop. If you set it to 0 it is disabled. From my expirience backtesting with small trailing stops is misleading and can be very different from the real thing. I hope this helps. If you have any additions to your method you can post them and I will try to include them in the EA.
Optimu.
PS. This EA only works on the one minute chart (M1).