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 - Thursaday start at 2
pm, finish at 7 pm, trading allowed within 15th to 58th minute of each
hour. Strategy closes all trades on Friday at 6pm. ExcludeMinutes -
turned OFF 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
ones. 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.