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Eat the elephant in small bites - MT4/MT5 resources

author EAcpu | 3 reads | 0 comments |
Hello everyone

First of all, I would like to thank FF and all the active contributors on this forum who have read many exciting and creative posts over the past few months. I'm new to FX and have found FF to be a great help in learning some of the basics of FX (I still have a long way to go!).

I have a crazy idea and would love some help. Normally, a bar opens at a given price and then the price first moves in the other direction (it has to go somewhere, although we cannot predict it). Here's what I think. If we are able to place buy and sell orders with smaller TP and emergency SL at the opening, we can make very small profits on a regular basis.

For example, if we look at the hourly chart

  1. Place buy and sell orders at the open of each bar (if the spread is less than 2 pips)
  2. Take profit 2 points, stop loss 10 points
  3. Theoretically, 2 pips x 2 orders x 24 hours = 96 pips per pair per day

I know this goes against established risk reward, MM recommendations, etc., but I think it might be worth a try. I would be very grateful to any programmer willing to put together an EA to accomplish this task. Your ideas are welcome.

Andy G


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