One minute breakout system - EA (One minute breakout system - EA) - MT4/MT5 resources
EA Disclaimer:
For reference only. No liability is accepted for losses.
---
Hello, Forex Factory,
The new system is currently being tested. Feedback and analysis welcome.
Pairings: EURUSD works on any major liquid pair.
Require:
Moving average 1, set at the low Moving average 1, set at the high
Buying Rule: Moving Average 1 crosses lower at a user-defined price level up.
Sell Rule: When Moving Average 1 is high, crosses the user defined price at a downward level.
Exit: If the moving average touches in the opposite direction, otherwise the trade remains open for one day. Or at least a few hours after London closes.
User-defined prices: Usually the range of buying and selling prices is 5 points. Set to one minute around 5am GMT. Two hours before the London market opens. The idea is that the price will break through 5 points during the London session. However, the timing may vary depending on the needs of the trader. The idea is to enter a position before a strong move occurs, usually before the London Open or New York Open.
Automation may be necessary because traders may not be in front of the screen the entire time when the crossover occurs. The EA is attached with this article.
The EA is completed thanks to Dan Ostapyuk (https://www.forexfactory.com/dostapyuk) for executing high quality EA with precise entry and exit. Highly recommended.
greeting,
expertise
For reference only. No liability is accepted for losses.
---
Hello, Forex Factory,
The new system is currently being tested. Feedback and analysis welcome.
Pairings: EURUSD works on any major liquid pair.
Require:
Moving average 1, set at the low Moving average 1, set at the high
Buying Rule: Moving Average 1 crosses lower at a user-defined price level up.
Sell Rule: When Moving Average 1 is high, crosses the user defined price at a downward level.
Exit: If the moving average touches in the opposite direction, otherwise the trade remains open for one day. Or at least a few hours after London closes.
User-defined prices: Usually the range of buying and selling prices is 5 points. Set to one minute around 5am GMT. Two hours before the London market opens. The idea is that the price will break through 5 points during the London session. However, the timing may vary depending on the needs of the trader. The idea is to enter a position before a strong move occurs, usually before the London Open or New York Open.
Automation may be necessary because traders may not be in front of the screen the entire time when the crossover occurs. The EA is attached with this article.
The EA is completed thanks to Dan Ostapyuk (https://www.forexfactory.com/dostapyuk) for executing high quality EA with precise entry and exit. Highly recommended.
greeting,
expertise
Attachment to original post (1)
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