- Most Forex traders lose all their money.
- Using the robot posted here in trading Forex does not guarantee success.
- Trading this robot could lead to serious financial loss.
- Trading this robot without understanding its underlying trading strategy guarantees traders will lose their money.
I received this pm from The Captain:
"Steve,
I am an intraday trader but am testing a new system and I need an EA. I'm wondering if you would be willing to help me out.
It is a very simple EA, I'm willing to bet one of the simplest you've ever coded. Here is what I am looking for.
Let's assume blue are bullish candles and red are bearish.
Candle prints blue, buy.
Candle prints red, sell.
But have it continuous. Fore example. keep buying on every blue candle close, until a red prints, and then close all and reverse.
Blue-buy, blue-buy, blue-buy, red-close all and sell, red-sell blue-close all and buy etc.
With the following selections
Lot Size
Time Frame
TP and SL (in Pips)
That is it, very simple. Hopefully you could help me out or point me in the right direction.
Cheers!"
The bot is attached. When dragged onto a chart, it will wait for the opening of the next candle to send the first trade. Users trading the high tf's might want to enter the first trade manually.
Everything happens at the opening of a new candle, so backtesting in st is quick and easy - set it to open prices. H4/D1 are the profitable time frames but Cap can tell you more.
I have not coded in the TF choice, so trade the bot on your chosen tf.
I included my fav Rsi trend filter (UseRsi) to see if it makes any difference to lower tf's. It appears not but is easy to play with.
Please address questions about the trading method to The Captain. All I have done is code the bot and know nothing of what is in TC's mind.
Have fun.