EurUsdcountertrend_v3 trades Eur/Usd against the trend. Trading
against the trend can be a powerful forex weapon, but for most
traders
it is hard, because it feels unnatural and wrong to trade the other
way when a pair is strongly bullish or bearish; therefore it is good
to have a robot to do this trading for you. This strategy will trade
against the trend when the pair is above 60% RSI_14 on the daily
timeframe - above R1 but below R3 on Fibonacci Pivot Point hourly
timeframe; then it will execute a sell position. Below 40% Daily
RSI_14, and Fibonacci Pivot hourly between S1 and S3 it will buy. The
strategy looks at 10 second candles because there are few
opportunities for breakout-countertrading because of the strict
parameters the strategy must comply to before opening a position.
This
way the strategy gets the most trades in: an average of 45 trades a
month in this version of the strategy, taking small profits of 5 pips
on retracement every trade; Sl is set at 200 pips and slippage at 5
pips to enter as much trades as possible. I backtested a year and the
strategy made a profit of almost 650%
Almost the same strategy as last month - my strategy did not start
until 11-4 because of Duka technical issue and I missed 8 trades. If
all trades were executed I would still fall short of minimum required
trades, so this time I have set TP to 5 pips, allowing the strategy to
open more trades
(an average of 45 a month over a year - instead of 30 in the case of
TP=8).
I run this strategy in my live account too because it has only lost
two trades to SL over a year,
and has made a profit of more than 600% - I have set the TP to 5 in my
live account too.
Maximum profit is achieved with TP=8, but I feel that market in
general is narrowing, and more trades at TP=5 seems better now in
current market conditions (I could be wrong - but this is a feeling I
have to follow - and profit still remains high) In my live account I
have set the position amount at 0.01 for every $1000 in my account -
so, $2000 means 0.02 milj. (or 0.2 lots) for example, this way I can
take a loss of two consecutive SL's maximum, and still be alright.