This startegy operates on EURUSD pair using 1 minute chart.
Indicators
used: simple moving average (SMA) with settings: period (21), applied
price (open), shift (3), additional levels (+3 pips, -3 pips) - to
determine current short term trend. WillR with settings: period (14),
shift (1), price (close) - to eliminate false pullback moves Trading
settings: Trading time (all time GMT): ver 1 - Monday - Friday start
at 6 am, finish at 8 pm (Friday 2 pm), trading allowed within 10th
to
58th minute of each hour. Strategy closes all opend trades on Friday
at 6
pm. ExcludeMinutes - turned OFF in this strat - this setting allowes
to turn off the strategy on the 1-st, 30-th na 31-st minute of each
hour to exclude sharp currency moves during big economic data
announcements. TradeSize - max allowed. The strategy
allowes two trades per day. Important: there can be only one trade
executed
within one hour. useCandleHighLow- turned OFF in this strat - first
you specify candle TF in the settings for this feature, for example
daily Candle. If the setting is turned ON then in case of any
potential trade this features checks if TP of the potential trade is
within current daily candle range. It prevents the strategy to open
trades, which TP levels require new high or low levels. useTrend -
first you specify candle TF in the settings for this feature, for
example daily Candle, then strategy allowes to open trades only in
accordance with daily Candle. If daily candle is bullish the strategy
can open onle long trades and in case of berish daily candle it cad
open only short trades. In this version it is set to hourly candle.
SL
is set to 48 pips. TP is set to 4.7 pips for the first trade of the
day and 1.7 pip for the following ones. Trading logic: LONG TRADE: 1)
current 1 hour candle body is greater than 10 pips (current price - 1
hour candle open price > 10 pips) 2) price is crossing SMA +3 pips
level 3) previous 1 minute candle close price is lower than SMA +3
pips level 4) WillR indicator > -40 SHORT TRADE: 1) current 1 hour
candle body is greater than 10 pips (current price - 1 hour candle
open price < -10 pips) 2) price is crossing SMA -3 pips level 3)
previous 1 minute candle close price is higher than SMA -3 pips level
4) WillR indicator < -60.

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