I was thinking of creating an EA that does the following
When the previous candle close high we open long trade and when the previous candle close low we open a short position( as simple as that)

(It’s like candle trend short term following), I am not sure yet where this is going to be scalping or long trade, I have to look at the history to find the exit and the targets

Another idea is to look at the daily or 4H candles if candle close high then open a long trade in the 1 or 5 min and target x amount of pips!!
Those are just an ideas, I don't know where they going to lead.

I am unable to test anything right now but looking at some chart print out, those ideas doesn’t look bad, I thought of sharing them now maybe someone has already tested those ideas

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

Interesting idea Minime,

I've tried to code systems like this before. If I remember right, it's about a 50/50 chance you will win. However maybe my exits were wrong. If a good exit were figured out, or a good way to deal with a loser, maybe there is something to this. Like so many other ideas, they're all worth looking into.

how about this :
the rules are the same on the 5 min chart to open a trade, if the previous bar were bull we open long, if the previous bar were bear we open short but add to that we look on the previous daily and/or 4H candle if its a bull then open only long traders only on a 5 min chart target 5-7 pips, if the previous daily and/or 4H candel was a bear then open a short only traders on the 5 min chart target 5 pips only
this should made the odds more than 50/50

another idea
http://www.forex-tsd.com/123719-post137.html

__________________
“Risk comes from not knowing what you're doing”
“Never argue with an idiot. They drag you down to their level then beat you with experience”

Hi MiniMe, how do you like these idea:
Last couple of months it has had a Tuesday or Wendesday reversal (FF thread)

Attached Images

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