The Expert Adviser is fairly simple. I apologize first if this idea has existed elsewhere. I did not copy and I did not search extensively on the internet. I would not know if it had been published or tested somewhere. I basically observed EUR/USD hourly chart and had wanted to write and test this idea for a while.
- EUR/USD only.
- Buy only.
- Hourly chart.
- Lot Size: 1 Standard.
- Buy Market when the current candle’s open is at least 25 pips (4 decimal points), or 250 (5 decimal points) higher than the previous candle’s open.
4 decimal points:
current candle’s open 1.1800. Previous candle’s open 1.1770. 30 pips higher. Buy Market is triggered.
5 decimal points:
Current candle’s open 1.18300. Previous candle’s open 1.17900. 40 pips higher. Buy Market is triggered.
- When loss reaches $222, close the order – stop loss.
- When profit reaches $555, close the order – take profit.