Open trading account 
Hello, I am the 1st winner of June Strategy Contest, and the following are the details of my strategy.
The trading strategy that I have used in June Strategy Contest, trades only one currency pair - EUR/USD, which is the most traded and the most liquid of all the currency pairs. The straregy does not use any standard indicators or analytical tools, but instead, its main idea is derived from the trading times of the eight largest financial centers in the world that are lumped into three sessions known at the Asian, European, and North American. Although the forex market is open 24 hours a day, the trading activity and therefore the volatility of the above-mentioned pair is not consistent throughout the day.
Figure 1: EUR/USD volatility
The Asian trading session is characterised by small movements, low volatility, and more binded to previously established support and resistance levels with smaller probabilities of breakouts. Due to this reason, in the Asian trading session, my strategy attempts to make small gains by trading against the current trend, and thus, opens countertrend positions. The trend in question is also not determined by standard indicators but by a few hourly candles.
Figure 2: Some trades opened during the low volatility session
The European and the North American session experiences some of the largest moves in the market. The volatility hits its peak in New York City where fundamental factors drive the major currency pairs, dominated of course by EUR/USD pair. Support and resistance may be broken much more easily than it would during the Asian session, which is why during this trading sessions my strategy opens positions in the direction of the trend, with the premise that volatile moves will continue for an extended period of time. In practical terms that means the strategy will not close positions if there are overbought market condition or a new position will be opened only if strong hourly candle appeared. Such candle has to have a little or no countertrend wick.
Figure 3: Trade carried throughout the high volatility session
The technical aspect of the strategy is as follows. In addition to the trading session criteria mentioned above, market conditions required to trigger buy or sell position are based on the direction of the last few hourly candles and volatility levels in the last 6, 8, 14, 17 and 23 hours. In order to close the positions, three approaches are used. By the first one, position is closed if a trading signal for opposite position is trigered. By the second, the direction of the last hourly candle and current profit in pips are used. If the market is going up in the last hour and a short position is opened, trade is closed if profit in pips is higher than 10, and vice versa for long positions. Stop loss level is dependent on the market volatility in the last 11 and 22 hours and it ranges from 30 to 70 pips. The take profit order is fixed at 100 pips. The calculation of the trading volume is made on the basis of the indicated amount in the parameters AccountEquity and Acc_leverage according to the following formula: Lot(trading volume) = AccountEquity*Acc_leverage/1000000. Leverage value is set to 29.
Figure 4: "M_2" strategy report
The trading strategy that I have used in June Strategy Contest, trades only one currency pair - EUR/USD, which is the most traded and the most liquid of all the currency pairs. The straregy does not use any standard indicators or analytical tools, but instead, its main idea is derived from the trading times of the eight largest financial centers in the world that are lumped into three sessions known at the Asian, European, and North American. Although the forex market is open 24 hours a day, the trading activity and therefore the volatility of the above-mentioned pair is not consistent throughout the day.
Figure 1: EUR/USD volatility
The Asian trading session is characterised by small movements, low volatility, and more binded to previously established support and resistance levels with smaller probabilities of breakouts. Due to this reason, in the Asian trading session, my strategy attempts to make small gains by trading against the current trend, and thus, opens countertrend positions. The trend in question is also not determined by standard indicators but by a few hourly candles.
Figure 2: Some trades opened during the low volatility session
The European and the North American session experiences some of the largest moves in the market. The volatility hits its peak in New York City where fundamental factors drive the major currency pairs, dominated of course by EUR/USD pair. Support and resistance may be broken much more easily than it would during the Asian session, which is why during this trading sessions my strategy opens positions in the direction of the trend, with the premise that volatile moves will continue for an extended period of time. In practical terms that means the strategy will not close positions if there are overbought market condition or a new position will be opened only if strong hourly candle appeared. Such candle has to have a little or no countertrend wick.
Figure 3: Trade carried throughout the high volatility session
The technical aspect of the strategy is as follows. In addition to the trading session criteria mentioned above, market conditions required to trigger buy or sell position are based on the direction of the last few hourly candles and volatility levels in the last 6, 8, 14, 17 and 23 hours. In order to close the positions, three approaches are used. By the first one, position is closed if a trading signal for opposite position is trigered. By the second, the direction of the last hourly candle and current profit in pips are used. If the market is going up in the last hour and a short position is opened, trade is closed if profit in pips is higher than 10, and vice versa for long positions. Stop loss level is dependent on the market volatility in the last 11 and 22 hours and it ranges from 30 to 70 pips. The take profit order is fixed at 100 pips. The calculation of the trading volume is made on the basis of the indicated amount in the parameters AccountEquity and Acc_leverage according to the following formula: Lot(trading volume) = AccountEquity*Acc_leverage/1000000. Leverage value is set to 29.
Figure 4: "M_2" strategy report
