It trades EUR/USD on one minute timeframe, using MACD, ROC and RSI
indicators.
Take profit (TP) and lot amount (Lot) are variable and lot amount is
initially calculated as Equity divided by 20000 then on certain
conditions it further divides Lot by 5 or 10.
It sets TP to 40 pips and opens buy position if monthly MACD is
greater then monthly MACD signal and hourly MACD is greater then
hourly MACD signal and hourly RSI is less then 60 and hourly MACD
shifted by one is less the hourly MACD signal shifted by one.
It sets TP to 20 pips and recalculates lot amount by further dividing
initial Lot variable by 5 and opens buy position if monthly MACD is
greater then monthly MACD signal and hourly MACD is greater then
hourly MACD signal and hourly RSI is greater then 60 and difference
between 1 minute ROC and 1 minute ROC shifted by one is greater then
0.04.
It sets TP to 5 pips and recalculates lot amount by further dividing
initial Lot variable by 10 and opens buy position if monthly MACD is
greater then monthly MACD signal and hourly MACD is less then hourly
MACD signal and difference between 1 minute ROC and 1 minute ROC
shifted by one is greater then 0.02.
Sell positions are opened on mirrored (opposed) conditions.
If use of leverage reaches 100%, it closes all positions.
This strategy is experimental therefore, shouldn't be used on live
accounts.
Updates:
1. Monthly MACD timeframe changed to 4 hours timeframe. (12.05.2021)