Pass Your FTMO Challenge using Breakout Strategy
HIGH LOW BREAKOUT STRATEGY
--------------------------
trading based on GMT values AND must obey the timings to start and close
SMA/EMA value to be verified before entry
every trading day new entry, so all trades are treated to be closed on
same day
whether hit target or stoploss, by reading input values, it has to close
positions on same day, as per the GMT time given as input in expert advisor
enter input lot : 0.10 lot
enter money management : true/ false
(if money management set as true, lot size to be calculate accordingly,
if it is false, we have to maintain same input qty for trades )
enter moving average type : SMA/EMA (by default SMA)
enter value of moving average : 50 (default)
waiting period in candles : 5
enter high/low calculation start GMT time : 5 AM GMT (DEFAULT)
enter high/low calculation end GMT time : 8 AM GMT (DEFAULT)
enter trade start time in GMT : 9 AM GMT (DEFAULT)
enter trade close time in GMT : 4 PM GMT (DEFAULT)
enter magic number :
enter comment line :
-----------------------------------------------------------------------
buy entry :
----------
Calculate Highest High values between calculation period
Open Trade by 9 AM GMT onwards only
If highest high of 5 AM - 8 AM candles breaks and supported by SMA/EMA value
take a buy entry
stoploss will be by default lowest low value of 5AM - 8 AM GMT candles
target will be 2 times of stoploss
Close all trade by 4 PM GMT strictly (as per input value)
Per day maximum two trades only
(Buy side 1, sell side 1.. )
if SMA/EMA VALUES are not supporting while breaking high, we have
to wait for 5 candles (9AM-1PM GMT)
otherwise ignore the buy entry completely for the entire day
--------------------------------------------------------------------------
Sell entry :
----------
Calculate Lowest Low values between calculation period
Open Trade by 9 AM GMT onwards only
If Lowest Low of 5 AM - 8 AM candles breaks and supported by SMA/EMA value
take a sell entry
stoploss will be by default highest high value of 5AM - 8 AM GMT candles
target will be 2 times of stoploss
Close all trade by 4 PM GMT strictly (as per input value)
Per day maximum two trades only
(Buy side 1, sell side 1.. )
if SMA/EMA VALUES are not supporting while breaking low, we have
to wait for 5 candles (9AM-1PM GMT)
otherwise ignore the sell entry completely for the entire day
--------------------------------------------------------------------------
Comments
Post a Comment