Krypteia was an ancient Spartan army composed by the best warriors.
The strategy implements some of the most used momentum indicators,
forming an aggregate indicator - a Krypteia of momentum indicators.
The strategy trades EURJPY from Monday to Friday (it avoids trading
on
Sundays) based on the Williams Percent Range (WPR), the Stochastic
Oscillator (SO) and the Relative Strength Index (RSI). Orders are
settled when the aggregate indicator (composed by the 3 indicators)
points in one single direction, sell or buy. In order to open a buy
order, 3 conditions need to be satisfied: WPR lower than -80, SO
lower
than 20 and the RSI lower than 25. In order to open a sell order, 3
conditions need to be satisfied: WPR higher than -10, SO higher than
80 and the RSI higher than 75. The strategy contains a few blocks
that
only allows orders to get settled if a certain hourly gap among
subsequent orders is accomplished. In this case, orders are settled
only when there is gap higher than 6 hours between the current time
and the previous order close time - for this purpose, when the
strategy starts there is first order with an amount of 0.001 million,
that after being closed will provide data feed to start calculating
the gap in hours between consecutive orders. Orders have the
following
default assigns: take profit 6 pips; stop loss 200 pips; trade amount
9 million. Default trading period is 5 minutes and the strategy only
allows one order settled at each time. On January 19th, ECB will held
its meeting, for that reason the strategy will shift its way of
trading. It will trade solely on the RSI with a different period,
1-hour. It opens a buy order if the RSI is lower than 25 and a sell
order if the RSI is higher than 75.