I'd like to share a system in hopes that one of our talented developers here on FF will write an EA. This is an easy daily system using a somewhat distinctive approach on money management. Here are the details of the system:
Indiors:
1. 200 SMA (alternative to modify period by consumer )
2. ADR - 50 pips or higher on the past 10 times
3. PSAR - this is optional to use with the SMA (user defined) that allows trades just to be taken when both indiors concur
R/R ratio: 1:1
Stop reduction: (user defined) will probably be using 100 pips to include disperse
Take profit: (user defined) will probably be using 100 pips after covering disperse
Pairs:
All that have an ADR equivalent to or higher than 50 pips
Broker: Personal preference (will test using IBFX w/10K beginning equilibrium )
Money Management: Every arrangement will be equal to.1 lot. (alternative to modify lot size per user)
Example using MM: To begin open 1 arrangement for every pair in the direction of the indior(s). Continue using 1 contract if there is a win got. If there is a reduction got in a given pair then raise 1 contract to the transaction. Continue to include 1 contract if losses. After a win is generated after a reduction reverse contract size by 1 before the contract dimensions returns back to the beginning of 1 hence eliminating of the losing trades.
Exaple of starting a commerce:
Extended - in the open of a new candle when the previous candle is gt; 200 SMA (optional to bring the PSAR and transaction only when both concur )
Brief - in the open of a new candle when the previous candle is lt; 200 SMA
(optional to bring the PSAR and transaction only when both concur )
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