Automatic Trading Made Simple EA - 1Min TF (Automatic Trading Made Simple EA - 1Min)
Hi I'm a rocker who is an IT engineering graduate but doesn't know how to code. So I got tired of coding Google Bard and ChatGPT and I found a one minute time frame strategy that makes +10% or -10% profit every month without any manual trading.
See I don't have a supercomputer to backtest automated trading made simple EA . I have a 32-bit Windows 7 laptop, so I'm not in a good position to properly backtest this EA. I need your help with the backtest report as it would be so helpful for all of them.
All credit goes to PipEasy (Graeme) as I got this idea from his post and I'm very grateful to them.
Okay..this is the strategy behind this Expert Advisor.
The strategy behind this symbol is to buy when the close price is higher than the open price and the 200-period EMA is also above that price. This indicates that the market is in an uptrend and prices are likely to continue rising. The sell trade condition is established when the closing price is lower than the opening price and the 200-period EMA is also lower than that price. This indicates that the market is in a downward trend and prices are likely to continue falling.
Take Profit and Stop Loss levels are set to 100 pips and 500 pips respectively. This means that if the price moves 100 or 500 pips in the desired direction, the trade will be automatically closed.
The code also checks if there are any open trades before placing a new trade. This is to prevent users from making multiple transactions at the same time.
Here's a step-by-step breakdown of the strategy:
See I don't have a supercomputer to backtest automated trading made simple EA . I have a 32-bit Windows 7 laptop, so I'm not in a good position to properly backtest this EA. I need your help with the backtest report as it would be so helpful for all of them.
All credit goes to PipEasy (Graeme) as I got this idea from his post and I'm very grateful to them.
Okay..this is the strategy behind this Expert Advisor.
The strategy behind this symbol is to buy when the close price is higher than the open price and the 200-period EMA is also above that price. This indicates that the market is in an uptrend and prices are likely to continue rising. The sell trade condition is established when the closing price is lower than the opening price and the 200-period EMA is also lower than that price. This indicates that the market is in a downward trend and prices are likely to continue falling.
Take Profit and Stop Loss levels are set to 100 pips and 500 pips respectively. This means that if the price moves 100 or 500 pips in the desired direction, the trade will be automatically closed.
The code also checks if there are any open trades before placing a new trade. This is to prevent users from making multiple transactions at the same time.
Here's a step-by-step breakdown of the strategy:
- Check if there are any open trades.
- Calculate the 200 period EMA.
- If the closing price is higher than the opening price and the 200-period EMA is also higher than that price, place a buy order.
- If the closing price is below the opening price and the 200-period EMA is also below that price, a sell order is placed.
- Set take profit and stop loss levels.
This is a simple strategy that can be used for trading in the Forex market. However, it is important to remember that no trading strategy is perfect and there is always a risk of losing money.
I prefer the default settings because when I use the default settings for backtesting, it works great so far.
I will attach mql4 and ex4 files here. Developers are welcome to modify this code to achieve better results. Love you ForexFactory.com
Attachment to original post (2)
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