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Thread: [req for coding] Perpetual Trader

  1. #1

    Default [req for coding] Perpetual Trader

    i came across this method. the person who told me about it swears by it, im not sure how it would go, so i thought an EA would be the best way to test it.

    here is the description:



    Fixed settings: Stop loss=95 Trailing stop=40 Trailing stop trigger=60

    Currency GBPUSD one hour chart.

    Method.
    The system entry point is arbitrary.

    All new positions are entered at the open of the one hour bar.

    Make two simultaneous trades, one to go long, and one to go short.

    As one of the above two positions is closed by the SL or TS, enter two additional positions one to go long, and one to go short.

    The entry is at the open of the next bar following the close out of the prior trade.

    At this point there are three open positions

    The second of the initial two trades will close out by the SL or TS, but take no action.

    Open positions are now two.

    When the first of the second pair is closed out by the SL or TS repeat the process of opening two new positions long and short.

    Repeat in perpetuity.

    Open positions are to carry over weekends.

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by Luther_Blissett View Post
    i came across this method. the person who told me about it swears by it, im not sure how it would go, so i thought an EA would be the best way to test it.

    here is the description:



    Fixed settings: Stop loss=95 Trailing stop=40 Trailing stop trigger=60

    Currency GBPUSD one hour chart.

    Method.
    The system entry point is arbitrary.

    All new positions are entered at the open of the one hour bar.

    Make two simultaneous trades, one to go long, and one to go short.

    As one of the above two positions is closed by the SL or TS, enter two additional positions one to go long, and one to go short.

    The entry is at the open of the next bar following the close out of the prior trade.

    At this point there are three open positions

    The second of the initial two trades will close out by the SL or TS, but take no action.

    Open positions are now two.

    When the first of the second pair is closed out by the SL or TS repeat the process of opening two new positions long and short.

    Repeat in perpetuity.

    Open positions are to carry over weekends.
    Hi Luther_Blissett,

    Here is Perpetual Trader.
    Attached Files Attached Files

  3. #3

    Default

    What pair and time frame is recommended?

  4. #4

    Default

    As stated, GBPUSD1H.

    Max Trades should be greater then 2.

  5. #5

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    Thank you for doing this up Funyoo.

    Could I ask for one change, to confirm that this idea does not work: instead of waiting till next bar to open an order after the close of a previous one -- can it happen immediately, without any waiting?

    Thank you very much.

  6. #6
    Administrator funyoo's Avatar
    Join Date
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    Posts
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    Quote Originally Posted by Luther_Blissett View Post
    Thank you for doing this up Funyoo.

    Could I ask for one change, to confirm that this idea does not work: instead of waiting till next bar to open an order after the close of a previous one -- can it happen immediately, without any waiting?

    Thank you very much.
    Hi Luther_Blissett,

    Onebarconfirmation option added.
    Attached Files Attached Files

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