This my strategy, negotiates in the EURUSD pair, at a Time Frame to 5
minutes. Using fixed lots of 5.5; 10 pips Take Profit and Stop Loss of
5 pips.
When an order is gaining 5 or more pips, the Stop Loss is moved to the
input value (Breakeven) adding to this, the value of the spread.
The strategy makes the reading of the last 10 candles, then
calculating the difference between the maximum and the minimum of the
last candle, checking if it comes up a Bearish or Bullish candle.
Then calculates the size of the last candle is less than 15pips. If
this happens, then we have two possible scenarios:
1) if the maximum last candle is greater than the maximum of 9
candles, and if the immediately preceding the last minimum is smaller
than the previous minimum, we have:
1a) if the last candle is a Bull candle, the trigger will be for
sale;
1b) if the candle is Bear then the trigger will be buy.
2) if the minimum of the last candle is lower than the minimum of nine
candles, immediately preceding and the maximum of the latter is higher
than the previous maximum, we have:
2a) if the last candle is Bear then the trigger will be buy;
2b) if the candle is Bull then the trigger will be sell.