Impulse entry cbot
Created at 25 Dec 2020, 05:51
JA
Impulse entry cbot
25 Dec 2020, 05:51
I am looking for an impulse entry robot specifically used for GBPJPY and XAUUSD pair. Here is how it gonna work.
A. If in an uptrend when resistance is formed, the bot will execute on the next candle breaking the resistance and stop loss will be place on the low of the previous candle.
B. If in a downtrend when support is formed, the bot will execute on the break of the support and stop loss will be place on the top of the previous candle.
C. Take profit should always be 10 pips
PS. if possible to leave runner of at least 3% of the trade volume to possibly run until 50 pips
firemyst
26 Dec 2020, 12:53
How do you define in an "uptrend" and "downtrend"? A bot doesn't just think "in an uptrend"... you have to define conditions that define what you think an "uptrend" is that can be programmed.
And how do you define "when resistance is formed"? What's "resistance"? When price doesn't break a certain level after x-candles? On each bar? On each tick? What happens if it breaks that line, comes back to stop you out, and then immediately breaks the line again? Do you get back in? Or leave it for several bars? Something else?
You should be a bit more specific in your requirements.
@firemyst