newbee1713006039 Posted January 19, 2011 Report Share Posted January 19, 2011 Best pair is GBPUSD TF = Daily Signal is, when the price of a single candle moves at least 140 pips in one direction, during 24 hrs. Trigger is when we have another 70 pips in the same direction. To get the correct entry, we use the informations of the high price or the low price of this candle. In this case (see picture below) the candle went from high price 140 pips down. Then it went down another 70 pips (but this has not to be on the same candle). Now it is time to open a sell trade with 100 pips TP (or 60 pips TS) and 60 pips SL. Buy signal works vice versa. http://img441.imageshack.us/img441/7306/gbpusdv.jpg  Would be great if someone could code an EA. EA sould have following changable settings: manual lots and autolots (risk from equity) Signal=140 pips Trigger=70 pips TP, how much and yes or no TP TS, how much and yes or no TS SL settings regards newbee Quote Link to comment Share on other sites More sharing options...
forexb Posted January 20, 2011 Report Share Posted January 20, 2011 don't understand please explain Quote Link to comment Share on other sites More sharing options...
shabz Posted January 20, 2011 Report Share Posted January 20, 2011 As I understand it, Ea notes Yesterday price has moved over 140 pips in one direction, then todays price moves over 70 pips in the same direction, EA triggers Buy or Sell in that direction at that point, for a profit target with user input. Quote Link to comment Share on other sites More sharing options...
juicyt Posted January 20, 2011 Report Share Posted January 20, 2011 (edited) As much as I believe it should work out for you, have you looked at slightly shorter time frames? Using Daily candles and expecting 30hrs (at a guess) of momentum is alot of momentum to rely on. I'm thinking the same concept but with shorter time frame may work slightly better. However, this is just my hunch or feelings, nothing to back it up with. And whilst I'm thinking of it, you'd have to change setting to suit different pairs. Obviously same settings with EU won't work with GJ. Edited January 20, 2011 by juicyt Quote Link to comment Share on other sites More sharing options...
newbee1713006039 Posted January 20, 2011 Author Report Share Posted January 20, 2011 (edited) As I understand it, Ea notes Yesterday price has moved over 140 pips in one direction, then todays price moves over 70 pips in the same direction, EA triggers Buy or Sell in that direction at that point, for a profit target with user input. Movement has to be at least 140 pips away from candle high price or low price, during 24 hrs on daily GBPUSD chart. After that it has to move another 70 pips in the same direction to open a trade with 100 pips TP (or 60 pips TS) and 60 pips SL. Hope this explains it a bit better ;-) Edited January 20, 2011 by newbee Quote Link to comment Share on other sites More sharing options...
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