Developing a system #16 (40 pips per trend)
Submitted by User on June 4, 2009 - 04:10.
Submitted by Yantz
I have written a small ea that needs some tweaking. perhaps adding some indicators would be good. basically it just wait for the price to move 60 pips then enter for another 40 pips.
My idea is that, once it has moved 60 pips, it is trending already and should move at least another 40 pips. then it will wait for a reversal. it will not enter another trade in the same direction. it will always wait for a reversal.
Update: I have a very good update regarding my earlier system under testing that i submitted. i added adx 14 to filter out some bad trades and i managed to increase my strike rate from 61% to 72% from period jan 09 to may 09! my addition is: adx must be above 25, and +di must be above -di for buy orders and +di must be below -di for sell orders. the roi is amazing! i'm sure the system can be improved further and i'm also sure it can be used for other pairs by tweaking the sl, tp and minimummoves settings. i attached herewith the updated ea.