100 pips a day
Really Really nice category.
I think its a good place to share EA over here.
The 100 Pips a Day EA uses two Simple Moving Average applied to open price in 5 minutes time frame. If the price closes under a 7 period SMA a Buy order is placed and a Sell order is placed if the price closes over a 6 period SMA.
You developed it yourself?
The good or ill of a man lies within his own will. – Epictetus
Originally posted by expertreview
Really Really nice category.
I think its a good place to share EA over here.
The 100 Pips a Day EA uses two Simple Moving Average applied to open price in 5 minutes time frame. If the price closes under a 7 period SMA a Buy order is placed and a Sell order is placed if the price closes over a 6 period SMA.
Is that right Expertreview? You did it yourself?
I'm on the lose 100 PIPs a day strategy! Anyone can do that.
100 pips a day only work for 'trending' EA......this is good technique and profitable only in specific situation.
As fas as I know, this week and also previous week, some pair are move ranging.....and if we run this kind 'trending' EA , so theres will be only loss we got.
HI guys and enjoy
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Has anyone tested it yet? I have seen 100 pips a day EA and system on some other forums too.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by leebutI'm on the lose 100 PIPs a day strategy! Anyone can do that.
Then reverse the strategy and make 100 pips =D.
Tested this EA 2007-2012. This EA has no stop loss. So if you were to started using this EA from 2007, you'd still be holding onto a buy trade from 1.32353 which probably would of blown your account.
yes, but surely you would have closed it after it lost its first 70 or so pips .. I know I would. I bought a system recently that only trades at 6am based on this .. try setting it up so it only does a trade at a certain time, that might do it .. but for goodness sakes add a MACD or a STOCH, to check for direction on higher time frame or even an ADX to check for speed of market, or a BOLLINGER BAND to only allow it to buy if about the mid point and heading up AND with band increasing in size ( I have that code somewhere ,, hmm now where did I leave it haha )
I will take a look at this for you, will get back to you when have got it makes reliable profits with all the usual bells n whistles such as stop loss, trailing, auto magic nos, autobrokers points, etc.
My pleasure Sir.
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Steve
Originally posted by WbishopTested this EA 2007-2012. This EA has no stop loss. So if you were to started using this EA from 2007, you'd still be holding onto a buy trade from 1.32353 which probably would of blown your account.
hehehe. a big flaw in this EA.
Why a scalping EA doing such thing? It is using 5 minutes timeframe and with that holding a position for this long. Developer needs to look at this problem