Opening and Closing Trades:
When it comes to trading, timing is everything! With SimpleTrade, you open your position at the start of each day using a straightforward rule:
if(Open[0]>Open[3]) BUY; if(Open[0]<Open[3]) SELL;
Closing your trades is just as crucial. You can either set a StopLoss or wait until the next day to close your position.
Input Parameters:
- Stop: This sets your StopLoss level, which is measured in points. The default setting is stop = 500.
- Lots: This refers to your lot size, with a default of lots = 1.
Performance Testing:
Despite its simplicity, the EA yields impressive results in trending markets. Here’s a look at its performance:
Symbol: EUR/USD, Timeframe: D1:
Symbol: EUR/JPY, Timeframe: D1:
However, the testing on USD/JPY didn’t yield the same positive results. What do you think the reason for that might be?
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