HIGH LOW BREAKOUT STRATEGY -------------------------- trading based on GMT values AND must obey the timings to start and close SMA/EMA value to be verified before entry every trading day new entry, so all trades are treated to be closed on same day whether hit target or stoploss, by reading input values, it has to close positions on same day, as per the GMT time given as input in expert advisor ----------------------------------------------------------------------- Input parameters to be given by trader as follows in expert advisor: ---------------------------------------------------------------------- enter input qty : 0.10 lot enter money management : true/ false (if money management set as true, lot size to be calculate accordingly, if it is false, we have to maintain same input qty for trades ) enter moving average type : SMA/EMA (by default SMA) enter value of moving average : 50 (default) waiting period in candles : 5 enter high/low calculation start GMT time : 5 AM GMT (DEFAULT) enter high/low calculation end GMT time : 8 AM GMT (DEFAULT) enter trade start time in GMT : 9 AM GMT (DEFAULT) enter trade close time in GMT : 4 PM GMT (DEFAULT) enter magic number : enter comment line : ----------------------------------------------------------------------- buy entry : ---------- Calculate Highest High values between calculation period Open Trade by 9 AM GMT onwards only If highest high of 5 AM - 8 AM candles breaks and supported by SMA/EMA value take a buy entry stoploss will be by default lowest low value of 5AM - 8 AM GMT candles target will be 2 times of stoploss Close all trade by 4 PM GMT strictly (as per input value) Per day maximum two trades only (Buy side 1, sell side 1.. ) if SMA/EMA VALUES are not supporting while breaking high, we have to wait for 5 candles (9AM-1PM GMT) otherwise ignore the buy entry completely for the entire day -------------------------------------------------------------------------- Sell entry : ---------- Calculate Lowest Low values between calculation period Open Trade by 9 AM GMT onwards only If Lowest Low of 5 AM - 8 AM candles breaks and supported by SMA/EMA value take a sell entry stoploss will be by default highest high value of 5AM - 8 AM GMT candles target will be 2 times of stoploss Close all trade by 4 PM GMT strictly (as per input value) Per day maximum two trades only (Buy side 1, sell side 1.. ) if SMA/EMA VALUES are not supporting while breaking low, we have to wait for 5 candles (9AM-1PM GMT) otherwise ignore the sell entry completely for the entire day --------------------------------------------------------------------------