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DEMo1234 has taken 2nd place in Strategy Contest May 2024

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May 2024 Strategy Detailed Description. (JAN24)

Hello traders.
This is the full detailed description of my JAN24 automated strategy run during May 2024 contest period.
The strategy uses a single simple moving average indicator (SMA) and a 1-hour candle pattern, if the price is below the SMA at 2AM UTC the strategy waits for the latest H1 bear candle to close, then opens a GBPUSD buy position, or a sell position if otherwise (latest H1 bull candle to close if price is above the SMA).
The strategy is designed to open only one trade per day, tak…
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DEMo1234 has published strategy JUN24

JUN24 strategy is based on a single simple moving average indicator
and a one hour candle pattern, if the price is below the SMA at 2AM
UTC the strategy waits for the latest H1 bear candle to close then
opens a GBPUSD buy position with a volume of 15 million, or a sell
position if otherwise (latest H1 bull candle to close if price is
above the SMA). the strategy opens only 1 trade per day, take profit
is set at 5 pips (10pips on updated version) and stop loss at 250
pips, the SMA is set on defa…
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