It's a Visual Jforex Strategy that subscribes the instrument GBP/USD
and uses the last bar (hour and bid values) crossed with two SMA
indicators in order to makes not follow trend action. This strategy
analyzes and sets off a series of routines: First, it selects the
time
frame (Hourly) and Instrument (GBP/USD). Next it verifies if there
are
open orders placed on the market, because if have any order in
market,
it just wait to close it. Next it checks the last bar direction. If
the Close price is greater than Open price then and the close price
is
greater than the SMA applied to 4 last bars and greater than SMA
applied to 8 last bar makes a SELL. For the inverse situation, if the
Close price is lower than Open price then and the close price is
lower
than the SMA applied to 4 last bars and lower than SMA applied to 8
last bar makes a BUY. The orders are open with amount 6.
by insky