It's a Visual Jforex Strategy that subscribes the instrument GBP/USD
and uses the last bar (hour and bid values) crossed with two SMA
indicators in order to makes not follow trend action.
This strategy analyzes and sets off a series of routines: First, it
selects the time frame (Hourly) and Instrument (GBP/USD). Next it
verifies if there are open orders placed on the
market, because if have any order in market, it just wait to close
it.
Next it checks the last bar direction. If the Close price is greater
than Open price then and the close price is greater than the SMA
applied to 4 last bars and greater than SMA applied to 8 last bar
makes a SELL.
For the inverse situation, if the Close price is lower than Open price
then and the close price is lower than the SMA applied to 4 last bars
and lower than SMA applied to 8 last bar makes a BUY.
The orders are open with amount 6.