Job finished
Execution time 21 days
This is more of an entry system than
an EA. It will generally show terrible results because it chases prices that are
moving in the wrong direction. I use it for a very specific purpose.
Explanation of the Loop:
The loop diagram (attached) shows a
long (buy) example.
It must also work for a short (sell).
The following sequence represents 1
full loop:
(This is for
the buy side (long positions), the sell side (short positions) will be the
opposite)
Buy at Start
Place stop loss at -1
If price moves to 1
followed by -1
Buy at -1 (re-start loop
here)
Place stop loss at -2
Else
If price moves to -1
Buy at -3 (re-start loop
here)
Place stop loss at -4
A note about
efficiency: Notice
at the 2nd buy in the loop, we get stopped out of a long position
and then immediately re-buy at the
same price (-1). It would be
better (more efficient) not to buy again, but rather to simply move the stop to
-2 when the price reaches 1. This obviously saves the cost of an extra
unnecessary buy entry. Can you program that?
The loop
repeats from the “start” at any
arrow. (in other words at any buy
entry or sell entry)
I have a full explanation and real life examples for all applicants.
Thanks,
Brian
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