This strategy trades GBPAUD based on 2 indicators, the RSI (Relative
Strength Index) and the SO (Stochastic Oscillator).
Trading is only allowed when the difference between the daily high and
the daily low is higher than 90 pips. Only one order at a time is
possible. The trading period is 5-minutes.
For default orders, trade is allowed on Monday, Tuesday, Wednesday,
and Thursday from 6 AM till 21 PM. On Fridays, default orders trade is
allowed from 9 AM till 11 AM.
A default buy order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is lower or equal than 30; SO(current bar) &
SO(previous bar) lower or equal than 20; and the difference between
the current price and the daily low is lower or equal than 15 pips.
A default sell order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is higher or equal than 70; SO(current bar) &
SO(previous bar) higher or equal than 80; and the difference between
the daily high and the current price is lower or equal than 15 pips.
Default order parameters are: 0.75 million amount; 45 pips stop-loss;
and 45 pips take profit.
If an order is closed with profit: the next order amount is calculated
according to 0.75 million x equity / 100 000; a time gap of at least 1
hour between the next new order is required.
If an order is closed with a loss, the following new order amount is
increased by 3 times; that new order has the same direction as the
previously closed one and it is opened immediately after the latter
close. The streak of increases can be done 3 times. The last order of
3-increase streak is assigned with 300 pips stop-loss. These
(increased amount) orders can be filled from Monday to Thursday
without hourly restrictions and restricted on Fridays till 17 PM.
(Whenever one or more orders are filled in and if those have profit
higher than 55 pips, a close instruction is sent.)