1. Trading Logic:
Positions are taken based on the candle body size(0.0010~0.0020),
measured by the pip difference(sub1, sub2) between candle opening and
closing price. It reflects the power of upward or downward trend.
2. Indicators:
Last bid candle open price(A) and close price(B) are used.
If A < B(+candle), then upward trend. If 0.0010 < sub1(B-A) < 0.0020,
then long position is taken.
If A > B(-candle), then downward trend. If 0.0010 < sub2(A-B) <
0.0020, then short position.
3. Setting: Trading pair is EURUSD. Last bid candle which is used is
30 minute candle.
Slippage is set to 5 pips, Stoploss to 15 pips, Takeprofit to 15 pips.
The following is the method of trade volume calculation. Initial
trading volume is 7 lot, which is designed to increase as current
equity increases above certain levels. If the current equity is less
than 250000, trade volume is set to 7 lot. If the current equity is
equal to or more than 250000, and less than 350000, trade volume is
set to 10 lot. If the current equity is equal to or more than 350000,
trade volume is set to 13 lot.