Well I hope it's a cashcow. Visual tests are very promising.
I use 1 day EURUSD.
Wait until the bar (a trading day) closes.
If High-Close<0.0015 then take a short trade with a 25 pip target.
If Close-Low<0.0015 then take a long trade with a 25 pip target.
We just lay in a market order on the todays bar.
Not yesterdays bar that we used to check if we take a trade.
It saves us the rollover costs.
You will get around 1 trade a week. That's 25-spread=~20 pips
It won't make you rich but $200 extra a week/contract ain't that bad....
Hopefully it's helpful to someone.
Now
please be helpfull to me too :
I want to get this thing programmed as I want to backtest.
For this system to work speed is essential. You must lay in the order a few seconds from open. Not a few hours later when you get home or wake up.
I tried ZeroCode and the my own code (see below) but both give me not one single trade. Not even a loosing one.
============= only the shorting part ========
if (High[1]-Close[1])<0.0015 then
Begin
SetOrder(OP_BUY,Lots,ask,9999,stoploss,ask+30*Poin t,Red);
exit;
end;