Fish Net Trading System | Foreign Exchange EA Download- MT4/MT5 Resources
rule:
1. Only constructive posts are welcome.
2. Please read all posts before asking questions.
Disclaimer: If you are looking for a holy grail system, this is not the system for you. Look elsewhere and you may or may not find one.
Let’s take a look at the Fishnet trading system:
1. Only conduct trading or major news releases during London and New York sessions.
2. Place six buy and sell pending orders above/below the market price. The first order is placed 25 points above or below the market (user defined). There is a 15 pip spread (user defined) on subsequent orders. There is no stop loss and take profit for each order.
3. Set the profit target and MaxDrawDown target. Once the profit target or MaxDrawDown is reached, close all established orders and pending orders.
4. After the New York session ends, regardless of profit or loss, all pending orders and open orders will be closed.
5. Come back the next day and do the same thing again.
Please work with the included EA and report your forward testing results and your EA settings. I'm not interested in the backtest results.
Note: Specify the currency pair you want to trade in the EA, the profit target applies to all currency pairs.
New additional rules for 2nd edition.
1. Stop loss 15 points.
2. If the PairProfitTarget is met, close each currency pair. No further trading of this currency pair is allowed until the next day.
3. Jump stop loss 15 points.
4. If a currency pair has MaxLossTradeCount=2, there will be no more transactions for that currency pair before the next day.
5. If the daily profit target is reached, no new transactions will be made on all currency pairs.
EA only works on demo accounts
Updated EA v2 on October 1, 2012.
1. Only constructive posts are welcome.
2. Please read all posts before asking questions.
Disclaimer: If you are looking for a holy grail system, this is not the system for you. Look elsewhere and you may or may not find one.
Let’s take a look at the Fishnet trading system:
1. Only conduct trading or major news releases during London and New York sessions.
2. Place six buy and sell pending orders above/below the market price. The first order is placed 25 points above or below the market (user defined). There is a 15 pip spread (user defined) on subsequent orders. There is no stop loss and take profit for each order.
3. Set the profit target and MaxDrawDown target. Once the profit target or MaxDrawDown is reached, close all established orders and pending orders.
4. After the New York session ends, regardless of profit or loss, all pending orders and open orders will be closed.
5. Come back the next day and do the same thing again.
Please work with the included EA and report your forward testing results and your EA settings. I'm not interested in the backtest results.
Note: Specify the currency pair you want to trade in the EA, the profit target applies to all currency pairs.
New additional rules for 2nd edition.
1. Stop loss 15 points.
2. If the PairProfitTarget is met, close each currency pair. No further trading of this currency pair is allowed until the next day.
3. Jump stop loss 15 points.
4. If a currency pair has MaxLossTradeCount=2, there will be no more transactions for that currency pair before the next day.
5. If the daily profit target is reached, no new transactions will be made on all currency pairs.
EA only works on demo accounts
Updated EA v2 on October 1, 2012.
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