This strategy uses a combination of Volume Weighted Average Price
(VolumeWAP), Directional Movement Index (DMI), and price action to
identify potential buy and sell signals in the GBPUSD pair. TimeFrame
is One hour, Indicators: VolumeWAP (10 shift, 1 and 0 lines): This
indicator highlights areas where price is above or below the
volume-weighted average price, suggesting potential overbought or
oversold zones. DMI (13): This indicator consists of two lines, the
Average Directional Index (ADX) and the Directional Movement (DI)
lines (+DI and -DI). ADX measures trend strength, while DI lines show
the direction of the trend. Buy Signal: Price Action: The price of
GBPUSD must be above the VolumeWAP (1 and 0 lines). DMI: ADX: The ADX
value should be ascending and preferably above 21, indicating a strong
trend. +DI: The +DI line should be above the -DI line, and both should
be rising from oversold territory (below 21). This suggests a
potential bullish trend. Sell Signal: Price Action: The price of
GBPUSD must be below the VolumeWAP (1 and 0 lines). DMI: ADX: The ADX
value should be ascending and preferably above 21, indicating a strong
trend. -DI: The -DI line should be above the +DI line, and both should
be rising from oversold territory (below 21). This suggests a
potential bearish trend. Position Sizing and Risk Management: Position
Size: The strategy suggests a position size of 5M (it's recommended to
adjust this based on your account size and risk tolerance). Stop Loss:
300 pips below the entry price for long positions and 300 pips above
the entry price for short positions. Take Profit: Take profit at 10
pips.