Okuncono

This strategy is exclusively for the USD/ZAR pair only. It uses the Relative Momentum Index from the 1 minute time frame & Bollinger bands from the 10 minutes time frame. The settings for the Bollinger bands are set to default and the RMI settings has 200 time period with 5 momentum period. When the difference of the Bollinger bands (Upper band minus Lower band) is at or below 0.350 but the RMI crosses above 62, then a buy order is placed should the price be still ticking above the previous 10 seconds candle high and likewise if the RMI crosses below the 38, then a sell position is opened. Also, when the Bollinger bands difference is at 0.850 or higher, then the strategy checks whether the RMI is above 68 but in a downwards trend and if it is, then a sell position is opened and the same conditions are applied to the RMI when it is in an uptrend but below the 32 level. The strategy is also set to work only when the leverage is at or above 1:100 and the spread for the USDZAR be at 115 pips or below (however in the first version of this strategy mistakenly the spread is set to 1150 pips). The TP is set to 600 pips and SL at 1250 pips, however they get readjusted based on the ongoing P/L. Basically each time a position reaches at or above 175 pips, then the SL is moved to the +50 pips level. Likewise, if the P/L reaches 300, then the SL is moved to +100. On the otherhand if P/L falls to or below -650 pips, then the TP is moved down to +100 pips. Nonetheless, Lot size is based on the equity level. At default it starts with 5M volume and then is re-adjusted to 6M at 120K equity, 7M at 150K, 8M at 185K, 9K at 205K and finally 10M volume at 245K account balance.
Version: Date: Status: Description:
2 01.01.2018 Not running Okuncono  Download
1 01.01.2018 Not running Okuncono  Download
Illya avatar
Illya 31 Jan.

Victory is so close!

Illya avatar
Illya 31 Jan.

Good luck!

FXRabbit avatar
FXRabbit 31 Jan.

Today is a very volatile day, I am afraid my strategy might get caught in a short sell that will go in to over 1000 pips loss :v Thank you though for your kind words and many congratulations to you as well for achieving the first position in the Strategy Contest for the month of December! Very well done my friend.

ForexAlyoum avatar

Congratulations for winning My Friend

FXRabbit avatar
FXRabbit 24 Feb.

Thank you my friend ForexAlyoum  and I wish you success in the February month's Strategy Contest.

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