Hi All,
I need an EA for a simple system that I have used manually for quite some time.
It works the same for all time frames although I use it on weekly or daily charts..
It uses pivot points with a strength of 2, meaning there are 2 lower highs on either side, or 2 higher lows for sells.
A)I buy at 1 tick past the pivot point and trail it with a stop that is 2* 20 day ATR
B) I sell at 1 tick below the pivot point and trail with the same stop
C) if I am in a long position and get a pivot point sell, i will reverse from long to short or vice versa.
D) I add to positions with different signals in the same direction
E) If I add to a position, then I use the stop loss for the added position as the stop loss for all positions put on prior.
I have traded this way for quite a number of years and i am trying to automate it........this will not work for the instant gratification guys....too many losers....it normally wins about 40%.....it will ALWAYS catch the big moves and keep you in them and that is where the money is made.....typical trend following
THANKS! in advance for any and all help
Daytrade65