GBP Highlow-Strategy | Foreign Exchange EA Download- MT4/MT5 Resources
Hello traders,
I have a simple strategy for GBP/USD that I trade live over the long term. Many times I get angry because I don't have EA in this area. Therefore, I will post my strategy here and search for help in making EA. I have no C++ experience.
The idea behind them is to look for trends with new highs and new lows. This idea is very old and it gives many strategies with high/low points.
GBP/USD 15 minute chart
I have a simple strategy for GBP/USD that I trade live over the long term. Many times I get angry because I don't have EA in this area. Therefore, I will post my strategy here and search for help in making EA. I have no C++ experience.
The idea behind them is to look for trends with new highs and new lows. This idea is very old and it gives many strategies with high/low points.
GBP/USD 15 minute chart
- When the first 15 minute candle closes with momentum above 100, we are looking for a short trade. If momentum is below 100, we are looking for a long trade.
- We first count 5 bars and determine the lowest/highest closing price among these five bars, this is now our trigger
- You have to wait for the close to receive the signal
How to search for the last high/low price <br> In Nr1. The power above 100 comes from below. Now we have a short trigger and wait until close<trigger
Each time momentum crosses >100 <100 a new trigger is generated.
We have a new short-term trigger when momentum >100.
We have a new long trigger when momentum < 100
I hope my English is not bad
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