| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| Fading highs and lows https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=473 |
Page 1 of 1 |
| Author: | DarrenTeo [ Thu Apr 05, 2012 4:44 pm ] |
| Post subject: | Fading highs and lows |
This is a strategy I got from a full time trader, and I have been trading this successfully for 3 months. Would appreciate if someone could create this EA. Description of EA The EA places a pending sell order x number of pips below the high of the last z candles, and also places a pending sell order y number of pips about the high of the last z candles. Vice versa for the low of the last z candles. If both the sell orders are hit, then the TP in pips is calculated based on the average of the two positions. The SL in pips is also calculated based on the average of the two positions. Once TP or SL is reached, the EA deletes any pending orders and no longer sets any new orders until there is a new high or low based on the last z candles. The concept of the EA is the fade the high and lows, using multiple entries (two entries). Inputs First pending order pip distance: First pending order lot size: Second pending order pip distance: Second pending order lot size: TP in pips: SL in pips: |
|
| Author: | mieloo [ Thu Apr 05, 2012 6:38 pm ] |
| Post subject: | Re: Fading highs and lows |
hi,can you show us an example on a chart ? what is z candle ? |
|
| Author: | JulesvH [ Thu Apr 05, 2012 7:46 pm ] |
| Post subject: | Re: Fading highs and lows |
A picture would be nice indeed. Z candles is an specified amount of candles. It is just mathematical "language". Instead of typing 10 candles or 11 or 12, just name it z. So x number of pips, y number of pips above or under top/bottom and z number candles back |
|
| All times are UTC | Page 1 of 1 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|