Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=74787
Forum: 38 · Topic 74787 · 6 post(s)
Karimrjh · Tue Apr 16, 2024 6:17 am
HI, is it possible to build an Expert Advisor based on this strategy:
DETERMINING THE ASIAN SESSION HIGH AND LOW OF THE DAY
Using 2100 GMT as the start of a new daily candle, at 0600 GMT, you will be able to identify the High / Low of the Day for the Asian session by 0600 GMT.
ENTRIES AND EXITS
I have added a moving average to spot high probability setups, thus avoiding entering any positions against the trend. The moving average we will be using is 55-EMA on the hourly chart. All you need is to identify the trend using the EMA on the hourly chart, then switch to 5-minute time frame to enter either buy at the Asian High or sell order at Asian Low (this system will usually yield at least 10 pips for you):
Buy Order
55-EMA on the hourly chart is on uptrend mode Set the buy order at the Asian High Ask Price Set the stop-loss of 30 pips away from the Asian High Set the first targeted profit at 15 pips Set the second targeted profit at the next mid-pivot price level or the next pivot point Move stop-loss to break even after the first target profit is hit Exit the second lot at the close of the 5-min bar if it closed lower than the nearest pivot point Sell Order
55-EMA on the hourly chart is on downtrend mode Set it at the Bid Price at the Asian Low Set your stop-loss of 30 pips away from the Low Set the first target profit at 15 pips and the second target profit at the next mid-pivot price level or the next pivot point Move stop-loss to break even after the first target profit is hit Exit the second lot at the close of the 5-min bar if it closed higher than the nearest pivot point Pairs to Trade
GBPUSD works on other pairs but do try it out with different SL and TP.
Apprentice · Mon Apr 22, 2024 11:26 am
We have added your request to the development list. Development reference 328
Apprentice · Mon Apr 29, 2024 11:40 am
Try this version. https://fxcodebase.com/code/viewtopic.php?f=38&t=74829
Karimrjh · Mon Oct 21, 2024 2:57 pm
Thank you so much, sorry for the late response, but i got 9 errors and cant compile it.
Apprentice · Thu Oct 31, 2024 8:53 am
We have added your request to the development list. Development reference 825
Apprentice · Mon Nov 04, 2024 4:47 am
Try this version. https://fxcodebase.com/code/viewtopic.p … 68#p157168