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Old 06-23-2007, 10:10 PM
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Hello everyone.

Could someone code an EA for this simple but very profitable strategy on GbpUsd pair (mainly)?

Here are the rules:

1) Trade on Daily charts.
2) It works on GbpUsd pair mainly, but also on the other major’s.
3) This strategy could take up to 4 (four) trades per day (two Long and two Short).
4) Place orders every day, excluding on Monday, at 0.00 GMT (server time at Interbankfx).
5) The (pending) orders placed are 4 (four) in total, with an expiration time the same day of entry at 16.00 GMT for all.
6) Two orders are Long and two are Short.
7) The two Long Entry orders (“stop” orders) are calculated considering the previous day’s High (bid price on the daily chart) + 5 (five) pips; the first order will have 10 (ten) pips take profit, the second one 20 (twenty) pips take profit; 30 (thirty) pips stop loss for both.
8) The two Short Entry orders (“stop” orders) are calculated considering the previous day’s Low (bid price on the daily chart) - 5 (five) pips; the first order will have 10 (ten) pips take profit, the second one 20 (twenty) pips take profit; 30 (thirty) pips stop loss for both.
9) If the price at 0.00 GMT it’s too much close (<5 pips, I think) to the previous day’s High or Low, the broker will reject the Long/Short stop Entry orders, so, in this case only the Ea should try to Buy/Sell at the above calculated prices [points (7) and (8)] entering the trades with two orders “at Market” (or “Limit” in some case).
10) In case of triggered orders, if neither stop loss or take profit are reached (very unlikely with GbpUsd pair!) the trader will close manually all open trades, at his judgment, at the end of the day (23.59 GMT).

That’s it!

I hope someone like Anamy wants to build this, I repeat, very simple but yet powerful strategy, in a fully automated EA!

Many Thanks in advance!
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