30 minute hi/low strategy (30 minute hi/low strategy) - MT4/MT5 resources
Good evening,
Strategy based on 30-minute chart, without indicators. Transactions occur every 30 minutes and can only be closed via TP or SL.
Trade EUR/USD as you will be trading on multiple levels throughout the day so tight spreads are key
The first candle can be a time you decide, but it's better to wait for some movement and direction, so usually the first 30 minute candle will be 07:00GMT, when things start moving. This candle will provide you with the basis for your first entry position.
The first trade will be made which is a breakout of the previous candle's high or low. Stop loss is the opposite end of the previous candle, maximum 15 pips if the previous candle was a big candle. The target price is 10 points.
Next 30 minute candles: repeat the process. Keep any previous transactions to reach tp or sl. You will be running multiple trades simultaneously, but each time you open a position it will follow the trend.
I'm hoping someone can create an EA as I'm sure it's very mechanical and straightforward to code.
Target
Hips.
next 30 minutes
Strategy based on 30-minute chart, without indicators. Transactions occur every 30 minutes and can only be closed via TP or SL.
Trade EUR/USD as you will be trading on multiple levels throughout the day so tight spreads are key
The first candle can be a time you decide, but it's better to wait for some movement and direction, so usually the first 30 minute candle will be 07:00GMT, when things start moving. This candle will provide you with the basis for your first entry position.
The first trade will be made which is a breakout of the previous candle's high or low. Stop loss is the opposite end of the previous candle, maximum 15 pips if the previous candle was a big candle. The target price is 10 points.
Next 30 minute candles: repeat the process. Keep any previous transactions to reach tp or sl. You will be running multiple trades simultaneously, but each time you open a position it will follow the trend.
I'm hoping someone can create an EA as I'm sure it's very mechanical and straightforward to code.
Target
Hips.
next 30 minutes
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