I need a little help with this idea that I would like to share and later convert it into an EA.
The idea is to put a pending order at every swing evaluating the last 3 bars, I have tested this on forex tester demo but im limited to a month so I need a little push.
I tested this on h1 with a fixed 30 pips TP and same SL on CHFJPY, I have seen other pairs and other timeframes with the same pattern repeating over and over.
The core of the method was: at every bar I evaluated the last 3 bars, put a buy stop if the 2nd bar high was higher than 1st and 3rd bar, put a sell stop if the 2nd bar low was lower than 1st and 3rd bar. 30 pips TP and 30 pips SL.
There are a couple of pics attached where it can be seen more clear, also you can see a nice 10% return over a month period, it never did more than a 5% DD, although those using 1:100 account may need to use less than 0.05 lots per 2000 usd.
I think there is not other EA on the forum doing the same, hope you guys can help me make an EA out of this (i dont code a #$%&!
), opinions and modifications are welcome, nothing is definitive yet.Thanks for reading.