This startegy operates on EURUSD pair using 1 minute chart.
Indicators
used: simple moving average (SMA) with settings: period (21), applied
price (open), shift (3), additional levels (+9 pips, -9 pips) - to
determine current short term trend. WillR with settings: period (14),
shift (1), price (close) - to eliminate false pullback moves Trading
settings: Trading time (all time GMT): Monday - Thursday (in ver.1
there was an error limiting the operating days to Monday-Wednesday)
start at 6am ends at 7pm, trading allowed within 10th to 58th minute
of each hour. ExcludeMinutes - turned ON in this strat - this setting
allowes to turn off the strategy on the 1-st, 30-th na 31-st minute
of
each hour to exclude sharp currency moves during big economic data
announcements. TradeSize - max allowed .
The strategy allowes two trades per day. Important: there can be only
one trade executed within one hour. useCandleHighLow- turned OFF in
this strat - first you specify candle TF in the settings for this
feature, for example daily Candle. If the setting is turned ON then
in
case of any potential trade this features checks if TP of the
potential trade is within current daily candle range. It prevents the
strategy to open trades, which TP levels require new high or low
levels. useTrend - first you specify candle TF in the settings for
this feature, for example daily Candle, then strategy allowes to open
trades only in accordance with daily Candle. If daily candle is
bullish the strategy can open onle long trades and in case of berish
daily candle it cad open only short trades. In this version it is set
to hourly candle. SL is set to 48 pips. TP is set to 4.8 pips for the
first trade of the day and 1.7 pip for the following one. Trading
logic: LONG TRADE: 1) current 1 hour candle body is greater than 1
pip
(current price - 1 hour candle open price > 1 pip) 2) price is
crossing SMA +9 pips level 3) previous 1 minute candle close price is
lower than SMA +9 pips level 4) WillR indicator > -42 SHORT TRADE: 1)
current 1 hour candle body is greater than 1 pip (current price - 1
hour candle open price < -1 pip) 2) price is crossing SMA -9 pips
level 3) previous 1 minute candle close price is higher than SMA -9
pips level 4) WillR indicator < -64. ver2. Adjusted the max trading
volume from fixed value 90% to calculated (1 / current EURUSD bid) -
1% to prevent insufficient funds notification