Hello.
I don’t know coding to write the code for this idea. I will appreciate help on this one please.
The idea I have.
As you know when the US market opens the volumes are high and moves fast in any direction.
Have code that will open 2 x short OR 2 x long positions depending on the price direction.
The positions opens on price change at a set time(market open time) Or opens positions at a candle count after market open.
With the time set or candle count one can start trades on any market and on any time frame even on a 10sec time frame.
Can apply this strategy on any market on any time frame. The market and time frame can then be any of your choice.
If this can work this can work in Bull and Bear market.
On market open and the price goes higher that what the price was at open. Open 2 x Long positions.
LONG:
1.) Buy 1 contract – set profit for $20 or 20 Points (20 = example/variable)
Close this trade automatically when set profit is reached.
Set Trailing stop at $10 or 10 points (10 = example/variable)
2.) Buy 1 contract with $10/10 points trailing stop so this one can run (10 points = example)
SHORT:
The same applies as the above if the price moves lower on market open.
1.) Short 1 contract – set profit for $20 or 20 Points (20 = example/variable)
Close this trade when profit set is reached.
Set Trailing stop at $10 or 10 points (10 = example/variable)
2.) Short 1 contract with $10/10 points trailing stop so this one can run (10 points = example)
Thank you.
.
