germeten Posted September 18, 2010 Report Posted September 18, 2010 Maybe this already exists? (I have zero coding experience.) Initialize: Delay x (time period(s) from candle open (i.e. seconds, minutes, hours, days, etc.) (increment setting), i.e. 5 pips from candle open, triggers enter position in direction candle is moving from candle open TP/trailing stop to opened position (incremental setting) and advancing with price move. (TP occurs when stop is hit. If candle moves against open, will be immediately stopped out.) This strategy will get stopped out often enough, but those draw-downs should be small; hoping the profitable runs will make up for it. (I'm using an ECN broker with very low spreads.) germeten at graffiti dot net
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