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EasyDayTrader


Price: $70.00

EASY DAY TRADER

Expert can be attached to any chart from 30M to D1 timeframe. Buy and Sell trades are entered each day. No take profit is set.

Set-up:

  • Enter buy trade at the price of the previous day’s high at the start of a new day 0000GMT. Enter sell trade at the price of the previous day’s low at the start of a new day 0000GMT.

  • Stop loss is set at 50pips. There is no take profit to be set. If buy trade is triggered first, then a sell stop order is placed for entry at the stop loss price of the original order and it has a 50pip stop loss. If buy is triggered, then the original sell trade for the previous day’s low is deleted. If sell trade is triggered first, then a buy stop order is placed for entry at the stop loss price of the original order and it has a 50pip stop loss. If sell trade is triggered, then the original buy trade for the previous day’s high is deleted. 
  • All trades will be closed and or deleted at 19GMT.

Here is an example of a trade:

Yesterday’s high of the GbpUsd was 1.2500 and the low was 1.2430. An buy stop was set at 1.2500 and a sell stop was entered for 1.2430 at 0000GMT, the start of the new day. A 50 pip stop loss of 1.2450 was entered for the buy stop and a 50 pip stop loss was entered at 1.2380 for the sell stop. 

The price went long for the day and the buy stop was triggered first. The sell stop of 1.250 was immediately deleted. A sell stop order was immediately entered for 1.2450 with a stop loss of 1.2400. If you will notice the new sell stop order is entered at the point of stop loss for the original buy stop.

Special Parameters:

If the previous day’s high and the open price for the new day is within 27 pips or less, then add 20 pips to the previous day’s high for buy stop entry. Reverse orders are still placed at stop loss point of the buy stop.

If the previous day’s low and the open price for the new day is within 27 pips or less, then add 20 pips to the previous day’s low for sell stop entry. Reverse orders are still placed at stop loss point of the sell stop.

News Friday: Stop loss should be adjusted to 30pips... 10 to 15mins before US news [IE NFP, etc.] A reverse order should be placed at the stop loss of said order. No limit all trades closed / deleted before market closes on Friday.

Parameters, using in expert:

  • BreakEven(0) - BreakEven value in pips
  • NewsDayOfWeek(6) - Day of week for News trading
  • NewsStopLoss(30) - StopLoss for NewsDayOfWeek
  • NewsSHour(13) - Hour of setting orders for NewsDayOfWeek
  • NewsSminute(20) - Minute of setting orders for NewsDayOfWeek
  • SHour(0) - Hour of setting orders
  • Sminute(0) - Minute of setting orders
  • Setmin(5) - How long should we set orders, in minutes
  • ExitHour(19) - Hour to close positions, in GMT
  • ExitMinute(0) - Minute to close positions, in GMT
  • GMT_Offset(2) - GMT offset time for metatrader
  • Slippage(3) - Max slippage in set orders
  • ClosePips(27) - Determine if the market is close to the hi or low of yesterday
  • AddPips(20) - How many pips add to order wheh ClosePips conditions are met
  • MaxTradesDay(2) - How many trades per day allowed

The package includes source code for both Metatrader 3 and Metatrader 4 platform and could be modified without any problem.
Availability

Usually ships in:

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