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Thread: Can anyone make an EA on this strategy?

  1. #1
    Junior Member
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    Feb 2016
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    Default Can anyone make an EA on this strategy?

    Conditions to buy:
    - the position is opened if the last candlestick is bullish and the opening price is higher than the closing price.
    - the subsequent positions are opened with a PipStep value or larger from the last opened position; the lot of every new position is increased by the FirstLot value.

    Conditions to sell:
    - the position is opened if the last candlestick is bearish and the opening price is lower than the closing price.
    - the subsequent positions are opened with a PipStep value or larger from the last opened position; the lot of every new position is increased by the FirstLot value.

    Series or single positions are closed by Trailing Stop, or by Take Profit.

    Thank you in advance for the time and effort.

  2. #2
    Junior Member
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    Feb 2016
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    Default

    To explain better myself, please see the example below:
    The open price of candle (2) is higher than the previous close (1) subsequently the price retrace and the EA opens more order in the same direction (3,4,5) that are going to be filled later on when the price go back on its steps (6).

    Candle 1 closes at 1.13815, candle 2 opens at 1.13817.
    Can anyone make an EA on this strategy?-chart-1-jpg

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candles, candlestick, closing, color, pips, profit, stop, strategy, time, trailing

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