1H set & forget (1H set & forget) | Foreign exchange EA download- MT4/MT5 resources
Hello everyone, welcome to my 1H set & forget strategy.
This strategy is derived from the Daily_95 point, but I want to apply it to the 1H chart.
The expert’s workflow is as follows:
This strategy is derived from the Daily_95 point, but I want to apply it to the 1H chart.
The expert’s workflow is as follows:
- Enter 2 lots when bid > high[1]+filter
- Exit at 15 pips, take profit on 1 lot, and modify the stop loss on the other lot at high price[1]
- Exit with 30 pips and make profit with the remaining lots
- Low[1] - initial stop loss of the filter
- If Take Profit or Stop Loss is not reached, the expert closes the position at the end of the bar
- The same process begins again in the next section.
The same idea applies to short trades.
I am using an Alpari demo account, so the working hours of the experts are from 8.00 GMT+1 to 20.00 GMT+1, but you can modify your working hours using external variables.
If you have any comments, please leave a message! The big question is whether trading range bars will destroy the equity line of the system…
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