Specification
Hi, can
someone please advise an EA for GBP USD that would wait for the 1 hour
candle to
close at 3 am EST, that calculates the high and low of the
previous 1 hour candle and then set two pending orders; a buy stop 10
pips above this 2
am EST candle high price and a sell stop 10 pips below the low of
the 2 am EST candle (both with a preset 30 pip take profit). As
soon as the trade triggers, close the opposite pending stop order,
the stop loss is set for the opposite end of the 2 am EST candle
to the direction that the trade was initiated. This is a good
stratedgy that works 80% of the time because the
currency market will set a significant high/low of the day around
3 am to 5 am EST and another significant high/low of the day
around 8 am to 2 pm EST. I would just like to automate this stratedgy, please advise, thanks.
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