Candle Open Expert Advisor

[funyoo]

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.

[funyoo]

EU H4. On one year.

XPipsUnderOver=40. Reverse=true.

Total net profit : 13.64%
RDD : 11.08%

[funyoo]

GU H4. On one year.

XPipsUnderOver=80. Reverse=true.

Total net profit : 17.90%
RDD : 12.42%

[funyoo]

EY H4. On one year.

XPipsUnderOver=140. Reverse=true.

Total net profit : 23.33%
RDD : 9.27%

[automatic]

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

[funyoo]

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

That's exact.

[automatic]

i'm using it on 1hr chart with confirm order and no parameters and watching a 1 min chart with some ma's for confirmation of likely direction. that way not too many orders. otherwise its a bit of machine gun with the orders.

so far so good.

[funyoo]

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%

[funyoo]

MM enabled.

EY H4. One year.

Total net profit : 460.51%
RDD : 29.33%

[automatic]

how does the MA filter modify opening orders? If open under MA only sell?

thanks