Simple EA - fixed time + fixed distance / 100 % retracment

Entry long + short

General setting options:

Timeframes: e.g. 1min, 5min, 15 min, 60 min

Set a time (e.g. 14:05 / 02:05 pm).

- Opening course e.g. 14:05 / 02:05 pm as starting point.

Defining a distance: e.g. 50 points.          

- When the market is e.g. 50 points away from the opening price a position is opened in the direction of the opening price (e.g. 14:05 / 02:05 pm).

Stop:

After opening the position, a fixed stop is used. (e.g. 25 points)

Target / Take profit:

After reaching the opening price, the position is closed. 

Re-Entry:

No re-entry

Risk:

A fixed amount for each position opening. E.g. $20, position size must be determined automatically.

Example short entry(1):

Timeframe: 5min Chart

Time: 14:05 / 02:05pm = market price e.g. 10.100

Distance: 50 points

Stop: 25 points

Target: Opening price

short entry:

The market reaches 10.150 = opening a position = short entry, stop at 10.175, target: 10.100

Example long entry (2):

Timeframe: 5min chart

Time: 14:05 = market price e.g. 10.100

Distance: 50 points

Stop: 25 points

Target: Opening price

e.g. long entry:

The market reaches 10.050 = opening of a position = long entry, stop at 10.025, target: 10.100