Thread: EA-daily-range
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Old 02-02-2006, 09:09 AM
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sunwest sunwest is offline
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Hello,

Here are the rule:

extern double Long_Entry_pdr = lx = 55;
extern double Short_Entry_pdr = ly = 45;
extern double Long_stop_pdr = lxt = 15;
extern double Short_stop_pdr = lyt = 25;
extern double Lots_Acc_Equity = eq = 1;
extern double TrailingStop_pdr = 40;
extern double TakeProfit = 75;
extern double Slippage = 3

For long trigger today: add lx% of yesterdays rangeto todays open + spread.
Long Stop: deduct lxs% of yesterdays range from long trigger.

Exit: exit trade at first profitable close (closebeing 00:00 GMT) or stop loss being hit. Whichever comesfirst.

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For short trigger today: deduct ly% of yesterdays range from todays open.

Short Stop: add lyt% of yesterdays range from short trigger + spread.

Exit: exit trade at first profitable close (close being 00:00 GMT) or stop loss being hit. Whichever comes first.

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Risk: (eq) 1% of account equity is risked on every trade.

So , the number of lots vary from day to day depending on stop distance.


this is an optimised system that work for 1 year and half but I am pretty sure before that it may fail for other currency or forward testing.

Nevertheless I was surprised that a simple idea like this could generate some profit (220% in 19 month)
Dont hesitate if you have any questions.

S.
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