Scheduled trade

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  • updated
  • Suspended

The idea comes from observing how price often repeats movement at specific moment of the day; sometimes it comes back after end of daily session or on multiday rollover, in opposite direction from the trend or following it, catching these little movements with an acceptable level of prediction.
Strategy steps:

Open a trade, buy or sell according to our choice or filter logic, at scheduled time and day (also every day) if market conditions are met (spread, slippage, etc.), the EA will do the rest until TP reached, turning to standby mode till new scheduled event.

For example, night trade with one entry at 01:00 AM GMT with some minutes tolerance, when volatility is
low and price generally moves not too far from session open, martingale ON.
This system can be also applied before or after important news or events.

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Andrey Khatimlianskyi
  • Under review

Paolo, thanks for your idea.

You already can set the work time (every day, every week) and use signal and filters or even disable all filters and signal and select prefered trade direction to open immidiately.

What else do you need to test your idea?

As for news, we already have a topic with news filter, it will help for this part of the strategy - https://communitypowerea.userecho.com/communities/1/topics/2-news-filter.

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paolo aguti

Thank you. I will inspect all features and parameters of CP to replicate results I am obtaining with a sample EA written for the purpose and now collecting results from 2017.01.01 till 2020.05.20. Just to make an example, I discovered best results are obtained setting trade time between 01:00 and 02:00 AM with an initial trade (buy or sell according to ADR sign or price simply over or under session open) and beginning with only one or two pending orders, Martingale on , then suspending any new pending order for all rest of the day, then reactivating at 01:00AM new pending orders if position is still at market. I will post some reports soon just to give an idea. 

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Andrey Khatimlianskyi
  • Suspended

Ok. I'm suspending this topic till your update.