The horizontal white line is a weekly open line.
The horizontal line is daily open.
Emas line is 7
Strategy
Unlike the messy trade06, for 07 we are using Paroli sequence instead. The sequence is the same starting with 2.0 (could be too big if the acct is diminishing), reducing by 0.1 each trade finally ending at 0.1.
Same like T06 it has 20 trades sequence with 5 pips TP and no set SL.
The disadvantage than the its predecessor is that the mt4 must be on all the time if its to work. t6 can close and open themselves as they are on pending orders.
How it works (for Buy)
At the start of the day, the close of previous day candle (open of current day) is set
A buy trade is invoke when candle1 close above day open line and also above emas7.
Whenever the TP is reached it will open another trade just like other Paroli. It wont open other trade unless there is no trade running. It treats Buy and Sell differently.
It will close trades (as SL) when the opposite signals appear.
The trading will work from the wee start of the day to end of the day. Trades will close at end of the day by its own closing mechanism.
