This strategy uses GBPUSD. Default time frame: 4Hours. Default Lot
size: 4M. Increased Lot: 9M. IT has 2 logic to open position. First:
We check historical 4h candle. For example: it's a red candle. Open:
1.2900 High:1.3100 low:1.2700 close:1.2800. We substract high-open,
open-close and close-low. If high-open is at least 2 times bigger than
close-low and
high-open is bigger and equal 10 pips we go for sell setup. Logic
behind this is: Price has much potential downside in this example.
Because high-open is much more than close-low. Tails gives signal
about direction. Now we
calculate TP and SL. We calculate TP and SL using high-open, close-low
can be seen in strategy.
Second Logic: It hits SL then doubles LOT size and gives 100 pips SL
and TP that will covers lost pips on previoust trade. And it adjust
SL to -5 pips once our position hits 20 pips profit. So that if market
turns we dont lose our capital. Every other situation is symmetrical
and you can understand by yourself. Describing every candle
combination here is meaningless . If you cant understand strategy
feel free to contact me. Thanks a lot Dukascopy for giving us such a
great opportunity.