Open trading account 
The strategy is working in the contest with timeframe 10 min.
The asset it’s trading is one of the main currency pairs: EUR/USD.
Strategy is based on three indicators Relative Strength Index (RSI), Stochastic Oscillator (STOCH) and Waddah Attar Trend (WADDAHAT).
Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Stochastic oscillator can be used to identify overbought and oversold market conditions. Dr. George Lane developed this indicator in the late 1950s. Value over 80 reflects overbought market conditions, and a reading below 20 reflects oversold market conditions.
Waddah Attar Trend indicator is showing trend strength. It is used in the strategy to check trend strength and current change in trend strength.
Since we could open only one trade at a time in the strategy contest we checking number of opened positions. If it is zero we starting to check conditions to open a trade.
For RSI indicator it is standard levels: if it’s value less than 30 this is buy signal and if it is more than 70 that is sell signal.
STOCH indicator been used with standard levels also: lines intersection under 20 is signal to buy. Lines intersection above 80 - signal to sell.
In the strategy we defining STOCH lines intersection as absolute value of the fast and slow lines difference less or equal 3. This is simplifies logic for detecting intersection of STOCH indicator lines.
WADDAHAT indicator is used in the strategy as trade filter: if current value is more than zero and (current value - value on previous bar) is more than zero it is approve for sell signal. If it’s current value less than zero and (current value - value on previous bar) is less than zero it is approve for buy signal.
Summarizing BUY conditions:
1) RSI < 30;
2) STOCH lines intersection under 20;
3) WADDAHAT current value < 0 and (current value - value on previous bar) < 0.
Example of the long position setup is shown in the picture below:
Another example of long entry:
Summarizing SELL conditions:
1) RSI > 70;
2) STOCH lines intersection above 80;
3) WADDAHAT current value > 0 and (current value - value on previous bar) > 0.
Example of the short position setup is shown in the picture below:
One more example of the short entry:
If one of the above set of conditions is true strategy opens a position in corresponding direction.
Amount of the trade is calculated as Equity * Leverage * 0.0000004. Let’s say it is 40% of the maximum amount which is possible to open with leverage. This way strategy reducing possible drawdown.
Initial stop loss is 700 pips, take profit 50 pips.
Open position management logic
When we already have open position and profit in pips is more than 6, 11 or 16 pips strategy moves stop loss to breakeven to -5, -10 or -15 pips respectively. And if profit in pips more than 16 and we have STOCH intersection above 50 for long position or intersection below 50 for short position – position will be closed.
The asset it’s trading is one of the main currency pairs: EUR/USD.
Strategy is based on three indicators Relative Strength Index (RSI), Stochastic Oscillator (STOCH) and Waddah Attar Trend (WADDAHAT).
Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Stochastic oscillator can be used to identify overbought and oversold market conditions. Dr. George Lane developed this indicator in the late 1950s. Value over 80 reflects overbought market conditions, and a reading below 20 reflects oversold market conditions.
Waddah Attar Trend indicator is showing trend strength. It is used in the strategy to check trend strength and current change in trend strength.
Since we could open only one trade at a time in the strategy contest we checking number of opened positions. If it is zero we starting to check conditions to open a trade.
For RSI indicator it is standard levels: if it’s value less than 30 this is buy signal and if it is more than 70 that is sell signal.
STOCH indicator been used with standard levels also: lines intersection under 20 is signal to buy. Lines intersection above 80 - signal to sell.
In the strategy we defining STOCH lines intersection as absolute value of the fast and slow lines difference less or equal 3. This is simplifies logic for detecting intersection of STOCH indicator lines.
WADDAHAT indicator is used in the strategy as trade filter: if current value is more than zero and (current value - value on previous bar) is more than zero it is approve for sell signal. If it’s current value less than zero and (current value - value on previous bar) is less than zero it is approve for buy signal.
Summarizing BUY conditions:
1) RSI < 30;
2) STOCH lines intersection under 20;
3) WADDAHAT current value < 0 and (current value - value on previous bar) < 0.
Example of the long position setup is shown in the picture below:
Another example of long entry:
Summarizing SELL conditions:
1) RSI > 70;
2) STOCH lines intersection above 80;
3) WADDAHAT current value > 0 and (current value - value on previous bar) > 0.
Example of the short position setup is shown in the picture below:
One more example of the short entry:
If one of the above set of conditions is true strategy opens a position in corresponding direction.
Amount of the trade is calculated as Equity * Leverage * 0.0000004. Let’s say it is 40% of the maximum amount which is possible to open with leverage. This way strategy reducing possible drawdown.
Initial stop loss is 700 pips, take profit 50 pips.
Open position management logic
When we already have open position and profit in pips is more than 6, 11 or 16 pips strategy moves stop loss to breakeven to -5, -10 or -15 pips respectively. And if profit in pips more than 16 and we have STOCH intersection above 50 for long position or intersection below 50 for short position – position will be closed.