Thread: Candle Open Expert Advisor

An EA based on an idea proposed by automatic :

buy/sell condition attached to x pts from open of candle.

if price x pts above candle open then buy 1 if price moves x pts below open [close buy position] sell one.

only 1 position open at any time.

when candle close then close buy/sell.

repeat on open next candle.

begin/end at time of day.

usual parameters and comments.

useful for day, 4h, 1 h candles.

EU H4. On one year.

XPipsUnderOver=40. Reverse=true.

Total net profit : 13.64%
RDD : 11.08%

GU H4. On one year.

XPipsUnderOver=80. Reverse=true.

Total net profit : 17.90%
RDD : 12.42%

EY H4. On one year.

XPipsUnderOver=140. Reverse=true.

Total net profit : 23.33%
RDD : 9.27%

Originally Posted by automatic

reverse would mean selling 1 at x pts when above open and buying 1 when below?

That's exact.

I have added a MA filter.

XP="---------------- XPips Settings"; XPipsUnderOver=138; LM="---------------- Lot Management"; Lots=0.1; MM=false; Risk=10; Martingale=false; Multiplier=1.5; MinProfit=0; TSTB="---------------- TP SL TS BE"; SL=0; TP=400; TS=0; BE=0; EXT="---------------- Extras"; Reverse=true; Add_Positions=false; MaxOrders=100; MAFilter=true; MAPeriod=20; MAMethod=2; MAPrice=1; TimeFilter=true; StartHour=13; EndHour=23; Magic=0;

EY H4. One year.

Total net profit : 33.32%
RDD : 4.17%

MM enabled.

EY H4. One year.

Total net profit : 460.51%
RDD : 29.33%