Strategy opens positions in the direction of the trend(momentum)
during high volatility session(European and early US) and countertrend
positions during low volatility session(late US and Asian). Trend is
short-term, defined by a few hourly candles. Additional market
conditions required to trigger buy or sell signal are based on
volatility levels in the last 6, 8, 14, 17 and 23 hours. Volatility is
calculated using high/low ranges in the time frames mentioned above.
So, this trading strategy does not use any standard analytical tool or
indicator. To close positions, two approaches are used. First one is
simple - position is closed if a trading signal for opposite position
is trigered. Second approach uses direction of the last hourly candle
and 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. If the market is
going down and a long position is opened, trade is closed if profit in
pips is higher than 10. Stop loss level is dependent on the market
volatility and it ranges from 30 to 70 pips. Take profit order is
fixed at 200 pips. The calculation of the trading volume is made on
the basis of the indicated amount in the parameters AccountEquity and
Acc_leverage according to the following formula: Lot(trading volume) =
AccountEquity*Acc_leverage/1000000. Leverage value is set to 29.
Currency pair used is EUR/USD only. Time frame is one hour.