Supreme = Starts with checking instrument EURJPY and Chart period 15
mins. Goes on to input data such as Time in hours, minutes, seconds,
Date of month and Day of week with BBANDS(20,2,2) . This input
data is only used for placing orders along with DEMA(200) Other input
data such as DEMA(22) with shift 0,1 and 2. RSI are just for
possible
future variations. Since this strategy has multiple exit options we
are using variables such as Option1, Option2 and Option3 that are
initialised to false when there are no orders. If the time is between
1 GMT to 21 GMT strategy will check for open orders. If there are no
open orders the above explained variables would be initialised. There
may be more other variables too but are not being used in the
strategy. After checking the above conditions orders are placed using
BBANDS indicator. If middleband is greater than DEMA(200) and
lowerband is less than DEMA(200) Long position will be opened if
lastTickbid is less than Average of lower and middle band. Similarly
if middleband is less than DEMA(200) and lowerband is greater than
DEMA(200) a Short position is opened if lastTickbid is greater than
average of lower and middle band. SL 17 TP 525.
When orders are opened. Then strategy will check for exit options.
For
Buy orders if RSI falls below 30 orders with profits less than 45
pips
would be closed. Similarly for Sell orders if RSI is above 70 and
profits less than 45 pips orders will be closed. If any order profit
crosses (1) 36 pips Option1 is true( 2) 99 pips Option2 is true. ( 3)
125 pips Option3 is true. For Option3 order is closed if profit falls
below 99 pips. For Option2 Order closed below 75 pips. And for
Option1
order closed below 11 pips. Orders will be closed daily @ 00:00 GMT
if
Profit is greater than 5 pips and less than 99 pips. Orders will be
closed on Friday @ 18:00 GMT if Profit is above 11 pips. A Custom
trailing Stop is triggered if Profit is greater than 150 pips with a
trailing step of 150 pips. Default trade amount set @ Max 25 millions.