The Richard Donchian method....some if not most of you have heard of it I'm sure. Anyhow....here are 2 ea's that virtually mimmick The R Donchian method.
Very simple......you buy at the 4 week high + 10 pips and you sell at the 4 week low - 10 pips.
I have programmed a 400 pip stop loss so micro/nano accounts are needed for many. There is absolutely no take profit with this system nor do I recommend using a trailing stop. Let the trade roll until the 2nd weekend after the trade commences. Then you simply close the trade and the ea will then take over once again.
Lot size is up to you.
If you are losing in this game of forex....this is about as tough of a match that you will give the bad guys. It's not for the impatient. I recommend IBFX as they will allow 1 cent pips. Anyone know of any other mt4 regulated broker that will allow nano pips?
For currency pairs...I recommend the following
Eur/usd usd/cad aud/usd nzd/usd gbp/jpy usd/chf eur/gbp
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