Setup using a single indicator - TREND and buy / sell stop with MG
This setup uses the approximate idea of minimums and maximums, places a stop order, in the maximum or minimum of the last two candles in favor of the trend indicator in the graphic time H1. It will open a new order in time fram 5M.
The setup was adjusted for FBS and IC_Markets the results were very much like.
MT version:
Set for MT5 only
EA version:
2.25
Symbol:
EURUSD
TimeFrame:
5 min
Very simple idea to just pick as many small gains as possible in the trend direction with a trail stop. The problem here from my observation is detecting trend reversal and exit trades to cut down losses. Thanks for the post because it is a good strategy but i will need to review the exit plan on trend reversal else this setup will accumulate losses.