It checks the closing prices of the last 4 bars, and if the most recent bars' closing price is higher than all of them, opens a BUY trade.
There's a small bug in that it uses the closing price of the bar in progress (which would actually be the current price since the current bar hasn't yet closed) . It would be a while before I had come to understand this.
Orders are closed when the closing price falls below any of these bars.
Back-testing on the EURUSD 1 hour chart, stop-loss 30, trailing-stop 20, shows a 23% win rate, and a small profit from 1-1-2011 to 1-1-2012.
This isn't how I remembered it, although I originally back-tested it with different dates. It seems almost promising, and I'm not sure why I discontinued development. Maybe it just seemed too simple.
Perhaps I need to check my back-test history data again. I deleted MetaTrader 4 history files and downloaded fresh data only last week, but who knows.
