After a year in forex, I came to conclusion that indicators suck!!!
........So i started to think about logics to put orders in that way
to be more wining trades than lossers....and this is what i do for
last 3 months, and it is a best strategy i have used.
No indicators, just logic ordering!
Here are the rules:
1. SET OF ORDERS
At the closing price of the candle (on used timeframe), EA will place one buy order, one sell order,
and one pending order sellstop wich will be -50 pips below closing price.
2. SET OF ORDERS
If the pending order sellstop is triggered by price, then EA need to put another buy order
at level +25 pips from the triggered sellstop order.
That 4 orders is maximum number of orders at once!
Since we have a 2 possible scenarios (first or second set of orders), TP and SL
will be different for each set!!!
1. SET of orders will have a TP and SL ( SCENARIO_1TP, SCENARIO_1SL)
2. SET of orders will have a TP and SL ( SCENARIO_2TP, SCENARIO_2SL)
TP and SL will take calculations from all orders( total TP and SL)
and then if TP or SL are hit, all orders are closed!
It will be great if somebody code this into EA!
........So i started to think about logics to put orders in that way
to be more wining trades than lossers....and this is what i do for
last 3 months, and it is a best strategy i have used.
No indicators, just logic ordering!
Here are the rules:
1. SET OF ORDERS
At the closing price of the candle (on used timeframe), EA will place one buy order, one sell order,
and one pending order sellstop wich will be -50 pips below closing price.
2. SET OF ORDERS
If the pending order sellstop is triggered by price, then EA need to put another buy order
at level +25 pips from the triggered sellstop order.
That 4 orders is maximum number of orders at once!
Since we have a 2 possible scenarios (first or second set of orders), TP and SL
will be different for each set!!!
1. SET of orders will have a TP and SL ( SCENARIO_1TP, SCENARIO_1SL)
2. SET of orders will have a TP and SL ( SCENARIO_2TP, SCENARIO_2SL)
TP and SL will take calculations from all orders( total TP and SL)
and then if TP or SL are hit, all orders are closed!
It will be great if somebody code this into EA!
forexflash