LAST UPDATE : 29 June 2009 : CLOSE ON BEP or PROFIT
How does it work :
- Carry trade is a non loss trading system
- It will open a trade in one direction (BUY) for 1 Lot
- Once it goes to the opposite, another trade, SELL for 3 Lots is opened
- If it goes to the opposite direction again, the BUY 6 lot is open
- This is a risky trading method just like Martingale
- However, with MAGNETO EA :
- We can set our own Upper (Buy) and Lower (Sell) Levels
- The levels can be based on the current Support / Resistance levels
- More control could be achieved, thus minimizing the trade bounce wildly
- Except the Levels Placement, all trades are done automatically
File Download : Magneto.mq4
How to Run :
- Set the starting Lot size, eg. 0.1
- Place the MAGNETO EA in a chartThen, place two lines, upper level and lower level (see the picture)
- Rename the Upper Line as HLINE and Lower Line as LLINEOnce those two are renamed, two pending orders will be place automaticallyWarning : Do not place any level too close to the current price, otherwise it will be fail to execute
- If anything goes wrong, just remove the EA and delete all the pending orders.
