I found this idea on one forum, but it seems to have very good potential so I put it into an expert but it does not seem to work well, any ways, the idea is to : Buy 15 pips higher than yesterdays high and Sell 15 pips below yesterdays low, targetsand stoplosses are as follows: GBPUSD 40 pips and 30 pips for EUR and CHF, with stops 30 pips on all, close all positions at end of day and cancell all untrigered trades automatically.


A typical week has the results below: +266 pips profit

Attached Images

Typical-anas55-week.gif (54.8 KB, 139 views)

Attached Files

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Fxtester... how did you come to the conclusion that this method will be profitable in the long term ? Did you backtest it using Tradestation or WL or something like that? Manually trade it for a period of time? Also, when does your day start and end?

I have backtested such a method for the last 10 months (for GBPUSD) and seemd to be fairly good. Though some months produced losses overall. I used a gain/loss of just 20 in either way. May be I will see if I can modify this EA and test it.
-chandra

hello,
you have forgot to * by Point :

it will work with :
lFlagBuyOpen = (diClose0>(diHigh1+(d2*Point)));
lFlagSellOpen = (diClose3<(diLow4-(d5*Point)));