The strategy trades GBPUSD mainly based on the RSI (Relative Strength
Index) and the SO (Stochastic Oscillator). The trading period is one
minute.
Trading is only allowed when the difference between the daily high and
the daily low is higher than 50 pips.
For the RSI and SO trade-based orders, trading is allowed from Monday
till Thursday from 6 AM till 3 PM. On Fridays, it is allowed from 6 AM
till 12 PM. A buy order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is lower or equal to 30; SO(current bar) &
SO(previous bar) lower or equal to 20; the difference between the
current price and the daily low is lower or equal to 40 pips and
higher or equal to 10 pips; and the spread lower or equal to 1,5 pips.
A default sell order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is higher or equal to 70; SO(current bar) &
SO(previous bar) higher or equal to 80; the difference between the
daily high and the current price is lower or equal to 40 pips and
higher or equal to 10 pips; and the spread lower or equal to 1,5 pips.
Default order parameters: amount 6 million; 90 pips stop loss; and 10
or 20 pips take profit (if equity > 90 k take profit is 10 pips; if
equity < 90 k take profit is 20 pips). Only one RSI and SO trade-based
order per day is allowed.
From Monday till Thursday at 3:01 PM, an order with amount 0.001, take
profit 5 pips and stop loss 5 pips is filled if no orders are open. On
Fridays, the same occurs at 12:01 PM. Trading is based on the Aroon
indicator and the trading period is one minute.
Whenever one or more orders are filled in and if those have profit
higher than 20 pips, a close instruction is sent.