This is my new simple symmetric strategy. It works with EUR/USD on the
hourly chart. I use data (open, close, high and low) of 4 last
historical candles, indicator DONCHIANCHANNEL with time period 24,
indicator Time Segmented Volume with time period 6 (TVS6) and Simple
Moving Average with time period 24 (SMA24). In the process, the
strategy generates a signal to open an order in the direction of the
last closed candle if this candles body or shadow crosses of the SMA24
from 8:00 to 22:00GMT or covers the three previous opposite candles
from 5:00 to 22:00GMT. At the same time, the strategy calculates a
global SL for this signal at a rate of 25% and a TP at a rate of 25,
50 or 75% of the current width channel of the indicator
DONCHIANCHANNEL depending on the type of intersection, the direction
of the SMA24 and the zero crossing of the indicator TVS6 at that
moment. After the appearance of the signal, the strategy opens an
order with basic settings TA = 5; SL = 36; TP = 36. In parallel, the
program in tick mode tracks the level of the current price relative to
the global SL and TP. If the price reaches one of the levels (SL or
TP) before the basic settings of the order, it closes and the signal
is reset. If the base TP or SL is reached before the global one, the
order closes without resetting the signal and after the next hour
candle closes a new order opens according to the same signal with the
basic settings TA = 5; SL = 36; TP = 36 if the hour candle preceding
the opening of the order corresponds to the direction of the order
(the bull candle for buy and bear one for sell) and TA = 5; SL = 18;
TP = 18 if the hour candle that precedes the opening of the order does
not correspond to the direction of the order (the bear candle for buy
and bull one for sell).