RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
No indicators are used in this strategy!
Trading Strategy Algorithm:
1.Open the daily chart ofEURUSD, lots 0.1.
2.As soon as a new candlestick (bar) is formed, open two trades (buy & sell) simultaneously (TakeProfit must be 10 points).
3.TrailingStop and StopLoss place at 50 points.
4.If one of the trades is closed, then open an additional position in the direction of the remaining one.
trades, in all cases, by StopLoss or by TakeProfit.
Test on EURUSDD1 within the period from 2007.01.11 to 2008.01.11:
Reduce lag and improve accuracy with the NonLagMA Expert Advisor for MT4/MT5. Discover it.
The working result of the optimized parameters within the period from 2007.01.11 to 2008.01.11:
The profit made over $6,100 within that period, profit factor being equal to 5.81, expected payoff being equal to practically 100!!!
You can see the forward testing results outside the optimization area and the results obtained for other timeframes in our magazine's issue from 14.04.2008.
Complement community code with advanced automation from RobotFX.
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