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I think what he means is only short if price is 80 or below and long if 20 or above, preferably at/near either instead of in the middle of a 100 pip figure.
For those who want to trade this system manually - a little bit of help can be found here: New indicator needed
Use 30Candles (HerbertH, thanks!) and my version 30Candles_Shinigami with these settings:
Set original to 99 and set my mod to 24. This way you will only see the candles (with a black background) which satisfy this system's conditions:
Moved 100 pips from High to Low
and closed with at least 25 pips difference from open. That might help.
As for the EA - look into the link newdigital provided, it has the EA (look on the 3-rd page for the last version) (oops, its on the second page!)
Hi All,
Maybe somebody can create simple EA based on
these informations. Please see attachment.
-Open GBPUSD at 03, close at 04
-open GBPUSD at 07, close at 09
- open GBPUSD at 21, close at 23.
Hi All,
Maybe somebody can create simple EA based on
these informations. Please see attachment.
-Open GBPUSD at 03, close at 04
-open GBPUSD at 07, close at 09
- open GBPUSD at 21, close at 23.
Thanks
B.
Any detail on that?
Open GBPUSD - sell, buy, stop? What levels? The original system?
How much data did you use to backtest and optimize?
I'll write it if you can make it clear.
Hi,
I have included some attempts to explain the reasons for certain hours being the best for the system. Either Asian open, European Open, or the first couple of hours when US is the only market open. The results in these 5 hours highlighted in lime green are exceptional, around 88% win rate. The system have to trade 5 hours a day!! But it will only trade the best 5 hours every day, pushing up the expected average win to an estimated 18 pips per trade.
You have to add a code that will allow the system to trade 5 separate hours during the day, (in GMT they are hours 2, 6, 7, 20 and 21) and then have an adjustment factor in the variables to enter your GMT shift time for your broker.
S/L=70, T/P=150, TS=30.
More info in attachment.
B.
I'm uploading the original system's EA. Doesn't look too good to me.
Bongo please IM me at 215-254-003 (ICQ) so we can discuss few questions and I could write an EA for those 5 trading hours.
After we are done, I'll upload the EA here.
__________________
MQL4 programming is easy ^^
Last edited by Shinigami; 07-01-2007 at 05:42 PM.
Reason: oops
Shinigami,
Thanks for your work.
What I'm looking is simple EA.
Sell - at 21:00 close at 22:00
Buy - at 22:00 close at 23:00
Sell - at 03:00 close at 04:00
Buy - at 07:00 close at 08:00
Sell - at 08:00 close at 09:00.
Trailing Stop will be OK.
Something like that:
if ((Hour() == StartHour1+GMT.Shift)&& (Minute() <= 10)) {OpenPositionSell();}
if ((Hour() == End_Hour1+GMT.Shift)) {ClosePosition();}
if ((Hour() == StartHour3+GMT.Shift)&& (Minute() <= 10)) {OpenPositionSell();}
if ((Hour() == End_Hour3+GMT.Shift)) {ClosePosition();}
if ((Hour() == StartHour2+GMT.Shift)&& (Minute() <= 10)) {OpenPositionBuy();}
if ((Hour() == End_Hour2+GMT.Shift)) {ClosePosition();}
etc.....
TrailingStop;
B.
Linear Mode
