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Specifiche
Hello,
I need an EA which opens trades based on the following strategy:
When price is above an open, it is up. Conversely, when price is below an open, it is down. It is a good idea not to short when price is up and not to buy when price is down. Naturally, most traders look for reversals but are impatient and trigger happy thus buying when they should be selling and vice-versa.
A sell below the H1 open of the bar immediately following the bar making the highest high would have resulted in profit. In summary, a bar makes a high and closes. Next bar fails to make a higher high and reverses. Sell when price drops below the open price of the current bar.
A buy above the H1 open of the bar immediately following the bar making the lowest low would have resulted in profit. In summary, a bar makes a low and closes. Next bar fails to make a lower low and reverses. Buy when price rises above the open price of the current bar.
These are the rules to open a trade:
RULE #3 could be interpreted in more than one way.
See modification on chart.
You want to trade AWAY from the daily high after price makes a new daily high and
trade AWAY from the daily low after price makes a new daily low.
You are ALWAYS trading towards the daily open with this method.
SL should be the high/low (depends on the trade direction) of previous candle, option to manually set SL.
TP should be the low/high (depends on the trade direction) of the actual candle, option to manually set TP.
Trailing Stop option to set manually.
SL to breakeven option.