FibPivotSMA3Vol_v2 is a intraday strategy for Gbp/Jpy based on the
1minute chart, and using 1hour FibPivot indicator and 5minute SMA3
indicator. First condition for a buy or sell position is that price
is
either between FibPivot Resistance 1 and R 3, or between Support 1
and
S 3. For both these instances the 1 minute Volume has to be above 100
- this is the second condition.
The third condition is that the entire candle (after open and close)
on the 1 minute chart is either above or below the SMA3 line.
Depending on the first condition the strategy will now open a buy or
sell position.
To protect the account from a stop-out due to a margin call the lot
amount is set at 4.2 million.
The TP is 8, and the SL is only 40, which allows more positions and
less drawdown.