i am not new here but posted not so much until now
I have here a very good and efficency trading system. That idea is not from me but i will share it here because i need some help to create of this an expert advisor.
I am trading this system since a few month and it works perfectly. Most of you will tell me now that the risk / reward ratio is real bad. That seems to be like at the first look. But really you have a real small drawdown on it and you will get 100% of your opened trades.
Well here the rules:
Open the chart in the morning or afternoon (before work, before New York opens) (H1 or H4)
Look at the solid and dashed horizontal lines at price ending in 00, 20, 50, 80
Place 4 Pending Orders (Sell Limit) above the magenta line, at the price ending in 00, 20, 50, 80 and each take profit 10 pips
Place 4 Pending Orders (Buy Limit) under the magenta line, at the price ending in 00, 20, 50, 80 and each take profit 10 pips
Close the chart and enjoy your day without look at the chart
In the night, open the chart again and look at the profits
Close or modify your pending orders that weren't touched
Repeat these steps tomorrow
Here some pictures for a better overview:
The system works on the following currency pairs:
and the indicator works on 4 digit and 5 digit accounts.
Well the 2.1 works on 4 and 5 digit, the version 3 only on 4 digit.
The problem is that the most of the files are compiled. I cannot decompile it. And the second problem is that the Indicator describes some failures in the log. The whole time when the metatrader works.
The failure it will written: "invalid time or object move function".
The failure will come in the most of the indicator files. If anybody can delete this failure in the 2.1 and make the version 3 for 5 digit available it will be nice.
If anybody can make an Expert Advisor from this system it will be nicer.
But the manual system will be good enough for me.
In the attachment you will find all the files you need to trade with this nice system. The 2.1 indicator is decompiled!
I anybody needs help i will be there to help. Hope that anybody can help me here to correct the failures.