Author of the idea: Monu Ogbe, code developer: barabashkakvn.
If you think you've seen simple before, wait until you check this out!
This EA (Expert Advisor) operates without any fancy indicators. Instead, it simply opens two opposing positions whenever a new bar forms. It’s as straightforward as it gets!
Once the trades are opened, the EA will patiently wait for both to close, either via stop-loss (SL) or take-profit (TP), before kicking off the next round of trades.
With manual optimization, you can fine-tune settings to ensure that your stop-loss is lower than your take-profit for each of the three currency pairs, leading to one of three possible outcomes:
- Both positions turn a profit.
- One position makes a profit while the other incurs a loss (but the profit covers the loss).
- Both positions end up in the red.
For the best results, I recommend using the "Open prices only" mode, which ensures trades are executed only at the opening of a new bar.
The standout performance has been on the EURGBP M5 chart, but don’t overlook EURUSD, GBPUSD, and EURCHF—they’ve also shown promising results.
Feel free to tweak the code however you see fit!
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