10 Pips Once A Day EA (Opposite Last NHour Trend)
Once-a-day counter-trend EA · ~10 pip target · EURUSD H1 · MT4
About 10 Pips Once A Day EA (Opposite Last NHour Trend)
The 10 Pips Once A Day EA, documented on missionforex.com as part of its "Profit Model" line, trades a single position per day against the recent trend — where "trend" is defined simply as the price difference over the last N hours. It's a once-a-day trading system that opens one trade at a set time, targeting a modest, consistent 10-pip profit.
This EA descends from the original "10 pips a day opposite yesterday's trend" concept published by developer navodar on the MQL5 Code Base in 2008, which was later extended into a "20 pips a day" variant. The strategy first trades with the trend, then reverses to trade opposite it, using stop orders with a defined stop-loss and take-profit.
- Platform: MetaTrader 4
- Strategy: One trade/day, opposite the last N-hour price trend
- Target: ~10 pips per trade
- Best pair (per vendor): EURUSD, H1
- Origin: Evolved from navodar's 2008 MQL5 Code Base EA
- Source: missionforex.com · 10 Pips Once A Day EA (Opposite Last NHour Trend) — Profit Model