Here is a pm I received from ankof1:
Leaving aside the obvious difficulties of sending simultaneous trades, I have no idea if this can survive the spread, or if the crim will allow it. I cannot help thinking that someone would already be rich were it a successful idea.ankof1 wrote:Hi steve
I would ask to you of it is possible that you can code my strategy.
First of all English is my 4th language and I will do my best to explain to you my strategy.
It is a simple strategy.
The strategy exist of 2 parts: 1) Expert Advisor
2) Rebates
Part for the EA
The EA must open a long and a short position at the same time.
After X seconds the EA must close the both positions.
e.g. : EA opens a long and a short position at the same time.
After 25 seconds the EA close the both position.
Now the we have +5pips for the buy position and -5 for the sell position.
+5 + (-5) =0
Now we are break-even.
Part for the rebates
But our account is linked with a ‘rebate-company’ who gives us a rebates of 1.2pips for each opened position.
If we know that 1 pip=0.01 dollarcent and if we open trades with 1.00 lotsize
Is this (1.5pips+1.5pips)* 1.00= 300 dollarcent
Kind regards
Still, it took longer to type this than it did to program, so here it is. CandleTimeFrame tells the EA to trade at the start of your chosen candle, by default once a minute.
Any comments from those of you with experience of rebate crims?
