EURUSD Biggest Range Pulse

EURUSD Biggest Range Pulse EURUSD Biggest Range Pulse EURUSD Biggest Range Pulse
TimeFrame: H1
Profit factor 1.43
Instrument: Forex
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The EU_H1_110155136_S_Bi_CF_SQ3 is an algorithmic trading strategy for MetaTrader, tested on EURUSD using the H1 timeframe from April 1, 2004, to April 24, 2024. Key details are:

Parameters
Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed
Daily Exit: Disabled
Friday Exit: Enabled at 20:00
Signal Time Range: Not limited
Max Trades/Day: No limit
Stop Loss (SL) and Profit Target (PT): Min SL: 15, Max SL: 100, Min PT: 30, Max PT: 500 ticks/pips

Entry Signals
Long Entry: Triggered if no trade has recently closed and the condition is true.
Short Entry: Triggered if no trade has recently closed and the condition is true.

Entry Rules
Long Entry: Opens long orders at the Bid price plus 2.10 times the biggest range of the last 14 bars with a SL of 40 pips, a profit target of 200 pips, moves SL to break-even at 45 pips, and has a trailing stop of 3.6 * ATR(187). Order is valid for 8 bars.
Short Entry: Opens short orders at the Ask price minus 2.10 times the biggest range of the last 14 bars with a SL of 40 pips, a profit target of 200 pips, moves SL to break-even at 45 pips, and has a trailing stop of 3.6 * ATR(187). Order is valid for 8 bars.

Exit Rules
Long Exit: Closes all positions if the market is long and the Bid price is greater than the Ask price.
Short Exit: Closes all positions if the market is short and the Ask price is less than the Bid price.

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