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Fx_lmcap Strategy Description (8/8) - Strategy Constest 07/2023

The 1st and 2nd ‘Order Type B’ have the following assignments: take profit @ 30 pips; stop loss @ 30 pips. The 3rd ‘Order Type B’ has the following assignments: take profit @ 30 pips; stop loss @ 60 pips. If the 3rd ‘Order Type B’ is closed under the trigger of the stop loss assignment, the algorithm reboots and the next order is an ‘Order Type A’.
If there is an opened order, the algorithm closes that order if: the ‘Use Of Leverage’ rises above 175%; on Fridays after 5 PM. The screen capture b…
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Fx_lmcap Strategy Description (7/8) - Strategy Constest 07/2023

An ‘Order Type A’ has the following assignments: take profit @ 30 pips; stop loss @ 1 pip.
An ‘Order Type B’ is opened when the previously closed order was non-profitable. The opening of ‘Order Type B’ can be executed during the full week schedule except for Fridays after 5 PM. The algorithm settings allow for a streak of 3 consecutive ‘Order Type B’. The screen capture below shows:
  • 2 blocks highlighted inside the yellow rectangle to verify the schedule condition
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Fx_lmcap Strategy Description (6/8) - Strategy Constest 07/2023

An additional condition to open both a buy or sell ‘Order Type A’ is the gap between two consecutive orders being equal or higher than 60 minutes. The screen capture below shows:
  • 1 block highlighted inside the yellow square to verify such condition
  • Several blocks highlighted inside the red rectangle for the input required to verify the previous mentioned condition
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Fx_lmcap Strategy Description (5/8) - Strategy Constest 07/2023

To open both a buy or sell ‘Order Type A’, the spread must be equal or lower than 2 pips and the difference between the daily high and the daily low must be equal or higher than 30 pips. The screen capture below shows:
  • 1 block highlighted inside a yellow square to verify the condition of the difference between the daily high and the daily low being equal or higher than 30 pips
  • 2 blocks highlighted inside the red rectangle to verify the condition of the spread being equal or lower than 2 pips
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Fx_lmcap Strategy Description (4/8) - Strategy Constest 07/2023

To open a buy ‘Order Type A’, the following conditions have to verify: STOCH(shift_0) is equal or lower than 20; STOCH(shift_1) is equal or lower than 30; STOCH(shift_2) is equal or lower than 40; the spread is equal or lower than 2 pips; the difference between the daily high and the daily low is equal or higher than 30 pips; the gap between two consecutive orders is equal or higher than 60 minutes. The screen capture below shows:
[list][*]Blocks highlighted inside a yellow rectangle to verify the condit…
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Fx_lmcap Strategy Description (3/8) - Strategy Constest 07/2023

To open a sell ‘Order Type A’, the following conditions have to verify: STOCH(shift_0) is equal or higher than 80; STOCH(shift_1) is equal or higher than 70; STOCH(shift_2) is equal or higher than 60; the spread is equal or lower than 2 pips; the difference between the daily high and the daily low is equal or higher than 30 pips; the gap between two consecutive orders is equal or higher than 60 minutes. The screen capture below shows:
[list][/list]…
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Fx_lmcap Strategy Description (2/8) - Strategy Constest 07/2023

The ‘Type A’ orders are traded from Monday to Thursday from 6 AM to 3 PM. The screen capture below shows:
  • 2 blocks highlighted inside yellow squares that refer to the trading allowance from Monday to Thursday
  • 2 blocks highlighted inside red squares that refer to the trading allowance from 6 AM to 3 PM
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Fx_lmcap Strategy Description (1/8) - Strategy Constest 07/2023

This article describes the strategy used by myself, fx_lmcap, in the Dukascopy Strategy Contest in July 2023.
The strategy trades GBPUSD. There are 2 types of orders: 1st entry orders, ‘Order Type A’, for which the trade amount is calculated according to the formula: ‘Default Trade Amount’ x ‘Equity’ / 100000 ('Default Trade Amount' = 0.25 million); and repositioning orders, ‘Order Type B’, for which the trade amount is calculated according to the formula = ‘Previous Closed Order Trade Amount’ …
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GBPusd

Gbpusd la moment este o pereche perfect pentru tranzactii...din cele 2 pozitii deschise ieri una sa inchisi in profit.
A doua pozitie deschisa sell 1.3774 Tp-1.3739 este inca activa....si sper sa atingem acest nivel.
Pentru alt dinamic avem plasate inca 3 pozitii....
SellLimit -1.3727 Tp- 1.3792
BuyLimit 1.3703 Tp- 1.3738
BuyLimit 1.3757 Tp- 1.3792
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GBPUSD - Trading the Brexit parliamentary vote

The UK Parliament will be holding a vote on the Brexit agreement on Tuesday. This is the second attempt to push the bill to a parliamentary approval following the failed attempt earlier in December.
If you recollect, in December after British PM Theresa May failed to table the bill, it triggered a vote of no-confidence. The PM managed to win the no-confidence vote but little has changed since then on the agreement with the EU.
It is quite likely that the bill will be put to vote. Speculation is …
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ireen1386 avatar
ireen1386 13 Jan.

Good article

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