Hi, maybe someone would be interested to make an ea for this strategy. It is a simple break out strategy with ability to adapt to changing volatility.
the logic
1.break out distance 50 persent of daily ATR(120)
2. buy or sell when the price reach this break out distance from the daily open price.
3. due to diferent daily open on diferent brokers it should be posible to set the time when the ea considers as daily open.
4. sl 25 persent of daily ATR, tp 50 persent of daily ATR
5. filter, only buy trades if daily open is above 120ema on 1H time frame and only sell trades when daily open is below 120ema on 1H time frame
6. Fast lot size/acording to persentage of the account size.
It is simple and profitable ,not magic, but anyway a profitable method on longer run. To have an EA would be an advantage to test it more with diferent settings and pairs. My declaration for profitability is based on eur/usd pair.
the logic
1.break out distance 50 persent of daily ATR(120)
2. buy or sell when the price reach this break out distance from the daily open price.
3. due to diferent daily open on diferent brokers it should be posible to set the time when the ea considers as daily open.
4. sl 25 persent of daily ATR, tp 50 persent of daily ATR
5. filter, only buy trades if daily open is above 120ema on 1H time frame and only sell trades when daily open is below 120ema on 1H time frame
6. Fast lot size/acording to persentage of the account size.
It is simple and profitable ,not magic, but anyway a profitable method on longer run. To have an EA would be an advantage to test it more with diferent settings and pairs. My declaration for profitability is based on eur/usd pair.