50pips a week, 200pips a month

indratime · #1 (**permalink**) 03-13-2007, 12:17 AM

hello programer...its me again.
i read this strategy from other forum, but i never use this strategy. I hope some one (programer) can make this EA, to let us know how usefull this strategy.
this is very simple strategy. Let me explain for you.

1. Chart to use (TF) is Daily
2. Open Time @ monday gmt 00.00
3. Pair is USD/JPY, but if we can make this EA we will know the best pair to this strategy.
4. Close if Target HIT, SL HIT, or Pending Order dont touch until friday GMT 23.00

We open in monday GMT 00.00
Set SELL STOP @BID PRICE open - 50 pips
TP 50 pips
SL 50 pips

Set BUY STOP @ Ask Price open + 50 pips
TP 50 pips
SL 50 pips

use trailing stop 30pips

Use OCO, i mean if one order active, cancel other order.
just open 1 trade every week.

Can you make this simple EA for US.

Thanks b4

droesparky · #2 (**permalink**) 03-13-2007, 03:41 AM

I think there is a EA like this already out there, its a old method anyway.
If I come across it ill post it.

indratime · #3 (**permalink**) 03-13-2007, 04:07 AM

Quote:

I think there is a EA like this already out there, its a old method anyway.
If I come across it ill post it.

thank you very much

newdigital · #4 (**permalink**) 03-13-2007, 10:40 AM

Yes it is old method.

There are some similar EAs with this idea:

- SimpleDailyRangeBreakExpert EA: public thread.

- TimeBreakExpert_v1: here and here (elite section threads).
Last version 1.1 is here (elite section).

and few more ...