RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
The simplest robot that buys and sells!
It is based on the EA description on the forum:
"The idea is to buy (say) some 0.01 lot at the current price. Once the price increases by (say) 46 points, the deal is closed (with a profit). Then repeat, etc. But if the price goes in the wrong direction (say) 31 points, the deal is closed (but with a loss). And a sell deal is then opened. After the price makes 46 points down, close with a profit or if goes 31 up, close with a negative result. And so on, the cycle is repeated "
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