Topic: Hoping Someone Can Help Me Build This Strategy
Hello,
I am not very adept at using FSB and would appreciate some help from any willing individual. What I need is pretty simple in concept, but I don't know how to implement it.
Here are the conditions for the Long side of it:
1. 30-minute Time Frame.
2. Trading Hours are between 7:00 GMT and 20:00 GMT
3. The difference between the High and the Low of the Previous bar is greater than or equal to 15 PIPS.
4. If the new bar (current bar) has penetrated the low of the Previous Bar (by even 1 PIP), and if the new bar then reverses and moves even 1 PIP above the Previous Bar's Close, Enter Long and place a stop loss 1 PIP below the Low of the Entry Bar (current bar).
5. Exit the trade at the Close of the Bar.
The Short side of this uses the same conditions as the Long except that the logic is reversed in step 4. It looks like this:
1. 30-minute Time Frame.
2. Trading Hours are between 7:00 GMT and 20:00 GMT
3. The difference between the High and the Low of the Previous bar is greater than or equal to 15 PIPS.
4. If the new bar (current bar) has penetrated the high of the Previous Bar (by even 1 PIP), and if the new bar then reverses and moves even 1 PIP below the Previous Bar's Close, Enter Short and place a stop loss 1 PIP above the High of the Entry Bar (current bar).
5. Exit the trade at the Close of the Bar.
I am hoping that someone can help me with this.
Thanks in advance,
Max