April_2015 strategy is trading in the direction of the
trend(momentum)
during the high volatility sessions(European and early US) and
against the direction of the trend during the low volatility
sessions(late US and
Asian). Trend is a short-term, defined by a few hourly candles.
Additional market conditions required to trigger buy or sell signal
are based on the volatility levels in the last 6, 8, 14, 17 and 23
hours.
The volatility is calculated by using the high/low ranges in the time
frames
mentioned above. To close the positions, two approaches are
used. The first one is simple - a position is closed if a trading
signal
for the opposite position is trigered. The second approach uses
direction
of
the last hourly candle and the current profit in pips. If the market
is going up in the last hour and a short position is opened, trade is
closed if profit in pips is higher than 10, and vice versa for long
positions. The stop loss level is dependent on the market volatility
and it ranges from 30 to 70 pips. The take profit order is fixed at
200 pips. The currency pair used is EUR/USD only, while the time
frame
is one
hour.