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BIG DOG Trade strategy

by Dr.Hamdi Boukamcha
Name:
BIG DOG Trade strategy [ ru ]
Author: fortrader (2009.11.19 16:29)
Downloaded: 9489
Download:
BIG DOG Trade strategy   FT_TIME_BIGDOG.mq4 (3.7 Kb) View

Published by:

FXWizard

Description:

The idea is based on breakthrough strategy.

Trade rules :

  • Find the maximal/minimal price values in the period from 14 to 16 hours (terminal time) and set pending orders for buy/sell at the maximal/minimal value.
  • We set orders only if the distance between the maximum and minimum is not more than 50 points
  • Take Profit is 30 points. Trailing Stop is 15 points.
  • Stop Loss defined at the price level of the opposite deal. Unused orders are removed at the end of the day.

Image:

BIG DOG Trade strategy

Recommendations:

  • See FORTRADER.RU maganize (№ 52) for the details.

 

Editor’s remark:

Note that it’s a mirror translation of the original Russian version.

If you have any questions, suggestions or comments, it’s better to post them there.

If you have found this code useful for trading or educational purposes, don’t forget to thank author.

3 comments  To post a new comment, please log in or register

Would the 14 to 16 hours be the same for me as they are for you? wouldn’t this time value be different depending upon your brokers timeframe? So if this is the case, this may not be a winning system if we are using different brokers than yours. Does this program take that into consideration? also what about DTS? Does it handle US vs Euro DTS offsets?

Why is that a limitation on the pip spread between high and low? What is the result if beyond 50 pips?

What pair does this work on? Is it good for multiple pairs?

Finally, why a pending trade? Why not simply wait for a confirmation value and enter the trade, if not, then do not place the trade?

02.04.2010 06:56 LEHayes

Why is it that the code can be translated, but never the remarks or comments?

02.04.2010 06:46 LEHayes

Hello,

Very good EA! Can you add 10 or 15 pips above (for buy) or below (for sell) orders?

Tx and regards,

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