FX Rogue Wave v1.7 - Candle SL (By forex_trader_20011)
The user has deleted this system.
FX Rogue Wave v1.7 - Candle SL Discussion
Jan 05, 2012 at 03:10
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1 Replies
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jan 06, 2012 at 03:23
FX Rogue Wave Expert Advisor (An MT4 Forex breakout strategy)
Written by IBtheScottyB
The concept of trading Forex to me is similar to surfing at the beach. The object of the exercise is to catch a wave and ride it as long as you can. If you start paddling on EVERY wave, you will exhaust yourself. In Forex, you will exhaust your capital. You can no more guess what the price is going to do in Forex, than you can guess how big the wave is going to catch.
Therefore, we will take the only certainty in Forex that I have found and that is… at any given point, the price WILL go up or down. The object of THIS exercise as far as this strategy is concerned is to choose times when a currency is stable or flat. As we know that Order leads to Chaos. We will use that to our advantage when preparing to trade.
The purpose of this EA is to be loaded on an individual chart and calculate entry points and place BUY and SELL orders above and below the Donchian Channel Lines.
Written by IBtheScottyB
The concept of trading Forex to me is similar to surfing at the beach. The object of the exercise is to catch a wave and ride it as long as you can. If you start paddling on EVERY wave, you will exhaust yourself. In Forex, you will exhaust your capital. You can no more guess what the price is going to do in Forex, than you can guess how big the wave is going to catch.
Therefore, we will take the only certainty in Forex that I have found and that is… at any given point, the price WILL go up or down. The object of THIS exercise as far as this strategy is concerned is to choose times when a currency is stable or flat. As we know that Order leads to Chaos. We will use that to our advantage when preparing to trade.
The purpose of this EA is to be loaded on an individual chart and calculate entry points and place BUY and SELL orders above and below the Donchian Channel Lines.
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jan 06, 2012 at 03:24
Stop Controlled by Previous Candles (DonchianTrailingStop = TRUE)
Moved to previous candle low as determined by Candle_LookBack + SL_Pips_Buffer + spread. Calculate and modify order each candle close.
Moved to previous candle low as determined by Candle_LookBack + SL_Pips_Buffer + spread. Calculate and modify order each candle close.
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