page on mql where this EA was published:
The long position is opened if the open price of last 4 bars and their maximum value increase simulateneously. The selling is perfomed at the opposite conditions.
That's all! plus trailling stop
funyoo, I guess it could be useful to add filter into this ea which will restrict trading against trend on higher timeframe (trend defined by crossing EMAs, for example) .Also, I suppose OpenTicks will show better perfomance if trading during highvolume hours only.
Last edited by avento; 02-14-2009 at 18:27.
I was wondering why the panic about lack of hard S/L----wont the 30 T/S protect us?
Also I was thinking that the size of the T/S---30 may indicate that a 15 min chart may be best. The euro 14 period ATR runs at approx 15 pips and a lot of traders use a 2xATR for their stops. Unfortunately the ratcheting effect of T/S's is not taken into account.
What is used for take profit exit? Has anyone improved the original EA?
Here is the statement with this EA
In an Alpari demo account works fine, but in a real Interbank not create any operation, what can happen?