AUGUST strategy uses one indicator, a single simple moving average (SMA), when the price is below the SMA at 6 AM the strategy buys, or sells if the price is above the SMA. the profit target is 6 pips daily, stop loss is 100 pips, the SMA is set at 30. using 1H time period. The strategy only opens one trade per day with a volume of 8M and trades eurusd.