Aussie Twin Strike H1 is an EA for the 1-hour chart of AUD/USD. Two logics (legs) with different entry methods run independently, each under its own magic number.
Catching sharp moves with stop orders
It places a buy stop and a sell stop at the same time, a fixed distance from the current price. After a set interval it re-places the orders whenever they have drifted from the position calculated from the current price, so the distance is maintained. As a result, an order is only filled when the price moves sharply in a time shorter than the re-placement can keep up with. No orders are placed while the spread is above the limit (default 30 points).
Filled orders carry a stop loss and take profit (default 250 points each).
Counter-trend entries in 4-hour range markets
It checks each time a 4-hour bar closes. In a range market with a weak trend, when the previous close returns from outside the Bollinger Bands to the inside, it enters at market in the direction of the return (buy when it comes back from the lower band, sell when it comes back from the upper band). The stop loss is technical, and a position still open after 72 bars (12 days) is closed. This leg holds at most one position.
What you can change in the parameters
– Stop-order distance, stop loss / take profit, maximum allowed spread, trading hours (start / end)
– On/off, Bollinger Band period and width, ADX upper limit, stop loss / take profit (ATR multiples), maximum holding bars
– Lot method (fixed lot / auto lot) and its value, balance-proportional lot (default off)
– Max spread: new orders are skipped while the spread exceeds the specified pips (default 0 = off)
– Daily loss limit: when this EA's losses closed that day (server time) reach the specified amount, no new orders are placed for the rest of the day (default 0 = off)
– Floating-loss ratio: when the account's floating loss reaches the specified % of the balance, all of this EA's positions are closed and new orders stop (default 0 = off)
– Friday carry-over close: at the specified time on Friday, all of this EA's positions are closed and no new orders are placed that day (default off)
None of the management items are active by default. Even when enabled, they apply only to this EA's own orders (identified by its two magic numbers) and never touch other EAs or manual orders on the same account.
Notes on use
– The number of trades varies greatly with market volatility. In calm periods there may be months with almost no fills on leg 1.
– Up to 3 positions can be open at the same time.
– Because the stop orders are re-placed at regular intervals, there are many order modifications. Please be careful with accounts that limit the number of order modifications.
