1H set & forget

Hi and welcome to my 1H set & forget strategy.
This strategy is derived from Daily_95 pips but I’d like to apply it on 1H graphs.

The expert works as follow:

1. entry 2 lots when Bid > High[1]+filter
2. exit with 15 pips take profit with 1 lot and modify the stop for the other lot under High[1]
3. exit with 30 pips take profit with the residual lot
4. initial stop loss at Low[1]-filter
5. if take profits or stop loss are not reached, the expert closes the positions at the end of the bar
6. next bar begin another time the same process.

The same ideas are applied for short trades.
I’m using an Alpari demo Account, so the expert works from 8.00 GMT+1 to 20.00 GMT+1 but you can modify your working time with the external variables.

Any comment is welcome! The big question is if the trading range bars will destroy the equity line of the system or not...

How has this system been forming?

Looks interesting and thanks for posting. Can you post a picture of an example?

The first post on this thread is over 2 years old, I think the thread starter has moved on.

He sure has moved on. He's now a "fund manager".