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need help coding simple D open strategy

ullle73 · 2020-11-11T15:45:18+00:00

Hi, could anyone help out coding this strategy found on forexfactory: https://www.forexfactory.com/thread/1032108-dos-daily-open-strategy-easy-to-trade-simple here are conditions: If difference in pips between Open to Close (or Close to Open) of previous daily closed bar is more than 110 pips, then at the open of current day – open a market order to the opposite direction of previous day. i.e: if yesterday’s daily bar is Bullish (moved up) and BODY (Close price – Open price) is more than 110 pips, then today at the Open of new daily bar, at 00:00, open Sell market order. Note: if spread at midnight is too high (more than 4.0 pips) – Don’t open a trade yet. Wait with market order till spread narrows back. It may take even 1-2 hours but usually it will take only a few minutes. So once spread is less than 4.0 pips, open the trade. TP = 20 to 50 pips, depends on currency’s volatility. No SL. If price goes from last entry against the direction of the trade, open at the Open of every new day an additional market order with same lot size as original trade. No TP for additional trade. Close all trades together when sum of all open profitable and losing trades (“basket“) is positive (may be 0.1$ or 1$). Instead of SL: If sum of all open trades (“basket”) is losing more than 25% of account balance – close all trades. *This may happen once in a decade if at all.

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need help coding simple D open strategy

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11/13/2020 at 3:55 PM #150389 quote

ullle73
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thanks roberto!!
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need help coding simple D open strategy

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This topic contains 15 replies,
has 2 voices, and was last updated by ullle73
5 years, 11 months ago.

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Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/11/2020
Status:	Active
Attachments:	4 files

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need help coding simple D open strategy

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need help coding simple D open strategy ProOrder: Automated Strategies & Backtesting

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need help coding simple D open strategy

ProOrder: Automated Strategies & Backtesting