Wednesday, March 5, 2008

EA YEN H4 Break-Out


I rarely trade yen. But with strategy built in this EA, based on break-out range in H4, with reasonable risk for SL and tp 1.5 risk loss, I am trading yen now. GJ EJ and UJ.

It happens that many false break out, yet profit-loss ratio should be able to cover the losses incurred when huge break out really take place.

With 4 different setting to choose from:

1. without tp which will only close using ts or when condition reverse, where EA close profitable trade and open new one in opposite direction.

2. with preset secure profit based on sl calculated.

3. 2 trade opened using either 1 of the above.

4. open trade based on reverse condition of any of the above.

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