BREAK OUT EA is designed to enter trades when the price breaks previous day high or low point.
Basic trading strategy is to buy when it break at the top, or sell when it break at the bottom.
Tuesday, December 25, 2007
Sunday, December 23, 2007
trade strategy
EA start buy and sell same lot size, normally start with smallest lot size at 2pm local time.
EA open sets of pending order for sell limit and buy limit.
If sell hit tp, all pending sell is deleted, new set of sells are prepared.
Pending buy will be opened, and tp for opened buys will be adjusted to same as latest buy tp to ensure all buys are closed once latest buy hit tp.
The risk is at stop loss as normall as any strategies except the stop loss for this strategy is set equal to max trades number and distance for each trades or tp. for current setting max trades is 7 and distance is 15p, means stop loss is at 105pip.
lots are set at 0.1, 0.1, 0.2, 0.4, 0.8, 1.6, 3.2lot.
this setting is more suitable for pair eur/usd.
timer has been set for trades, some built in function such as to delete all remaining pending order at 9pm to avoid high volatility during USA market. Remaining opened trades are left for the traders either to let it opened or close all manually.
you can also specify if you want EA to close all opened trades by 9pm.
EA open sets of pending order for sell limit and buy limit.
If sell hit tp, all pending sell is deleted, new set of sells are prepared.
Pending buy will be opened, and tp for opened buys will be adjusted to same as latest buy tp to ensure all buys are closed once latest buy hit tp.
The risk is at stop loss as normall as any strategies except the stop loss for this strategy is set equal to max trades number and distance for each trades or tp. for current setting max trades is 7 and distance is 15p, means stop loss is at 105pip.
lots are set at 0.1, 0.1, 0.2, 0.4, 0.8, 1.6, 3.2lot.
this setting is more suitable for pair eur/usd.
timer has been set for trades, some built in function such as to delete all remaining pending order at 9pm to avoid high volatility during USA market. Remaining opened trades are left for the traders either to let it opened or close all manually.
you can also specify if you want EA to close all opened trades by 9pm.
Saturday, December 22, 2007
backtest result based on Nov 2007
Result could be slightly different depending on decision to close or to let it be for opened trades at 9pm.
Martingale EA for 2008
this is a version of modified Martingale EA.
EA basic settings:
1. Set with timer to start trade at 2pm local time (europe open).
2. To cancell all pending order at 9pm local time to avoid risk of high volatility during USA market period.
decisions has to be made either to close opened trades left at 9pm or to let it be
3. To close all opened trades on 1pm next day to start with new sets of trades.
best for brokers that keep the spread even during news.
2 sets of EA will be given at $99 only.
suitable for certain minimum capital and brokers only.
you could also specified for different EA operation period for 25% of the preset EA price.
recommended for pair eur/usd.
capital required for std account (leverage 1:500) is $10k (smallest lot size value 1p=$1)
capital required for minilite account (leverage 1:500) is $200 (smallest lot size value 1p=1cent)
capital required for micro account (leverage 1:500) is $200 (smallest lot size value 1p=1cent)
capital required for liteforex miniforex account (leverage 1:200) is $3k (smallest lot value 1p=10cents)
EA for 1 month usage $10.
email to mygold11@yahoo.com
EA basic settings:
1. Set with timer to start trade at 2pm local time (europe open).
2. To cancell all pending order at 9pm local time to avoid risk of high volatility during USA market period.
decisions has to be made either to close opened trades left at 9pm or to let it be
3. To close all opened trades on 1pm next day to start with new sets of trades.
best for brokers that keep the spread even during news.
2 sets of EA will be given at $99 only.
suitable for certain minimum capital and brokers only.
you could also specified for different EA operation period for 25% of the preset EA price.
recommended for pair eur/usd.
capital required for std account (leverage 1:500) is $10k (smallest lot size value 1p=$1)
capital required for minilite account (leverage 1:500) is $200 (smallest lot size value 1p=1cent)
capital required for micro account (leverage 1:500) is $200 (smallest lot size value 1p=1cent)
capital required for liteforex miniforex account (leverage 1:200) is $3k (smallest lot value 1p=10cents)
EA for 1 month usage $10.
email to mygold11@yahoo.com
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