Midline Method
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Old 08-01-2007, 08:14 AM
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Default Midline Method

Have EA but it is unfinished.

method works like this.

If price is above the middle of yesterdays High/Low then you enter Long.
If price is below the middle of yesterdays High/Low then you enter short.

My current version of this allows the choice of taking a reverse trade should the first trade be a loss.
It has a choice of moving stop to BE (Or plus a few pips) if your up a certian amount of pips
allows me to set the time to start the trade each day. and a time to stop trading each day
set fixed number of lots

What I would like to add to it is.
a trailing stop.
a martingale type moneymanagement.

the method works its just dosnt move along to fast I think the martingale systme will help that part.

Is there any one here who can do this?
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Old 08-07-2007, 11:11 AM
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Quote:
Originally Posted by droesparky7 View Post
Have EA but it is unfinished.

method works like this.

If price is above the middle of yesterdays High/Low then you enter Long.
If price is below the middle of yesterdays High/Low then you enter short.

My current version of this allows the choice of taking a reverse trade should the first trade be a loss.
It has a choice of moving stop to BE (Or plus a few pips) if your up a certian amount of pips
allows me to set the time to start the trade each day. and a time to stop trading each day
set fixed number of lots

What I would like to add to it is.
a trailing stop.
a martingale type moneymanagement.

the method works its just dosnt move along to fast I think the martingale systme will help that part.

Is there any one here who can do this?
Well, i do not think is good idea to trade with some martingel system, but if u want try big crash, just finde some martingel witch u like and in enter condisions for trade - for open trade put your enter rulles and you will have what u want by easy way. Martingels are a lot, only chose one.

Marko
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Old 08-08-2007, 11:43 PM
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I dont have a clue what you mean,
I have backtested this system and the running days in row losses are low, so are the winning days in a row, that is why it is a good one for martingale MM. JMHO

I have a trainling stop Idea for it to help it catch running days, I need a programer but so far havent gotten anyone to do it for me.

Ill find one some day.
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Old 08-09-2007, 12:37 PM
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Quote:
Originally Posted by droesparky7 View Post
I dont have a clue what you mean,
I have backtested this system and the running days in row losses are low, so are the winning days in a row, that is why it is a good one for martingale MM. JMHO

I have a trainling stop Idea for it to help it catch running days, I need a programer but so far havent gotten anyone to do it for me.

Ill find one some day.
Try post and will see, what is posible to do it (PM)
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Old 08-12-2007, 12:42 PM
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Post the EA and we can have a look at it. By midline, dont u mean the daily pivot?
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Old 08-15-2007, 08:26 AM
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Hello all,
I am a sincere forex trader eagerly looking for simple and better forex trading system,esp. for GBP/JPY,GBP/USD,USD/JPY,USD/CHF.
I have looked for nearly two years, but all failed. Maybe you could give me a great surprise for trading system.

The best regards,
elephantiger@163.com
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