Trading logic: The symmetric strategy is based on ATR block and
candlestick values of open close, high and low on the currency pair
EUR/USD.
1. Time Frame: Minimum 5 minutes.
2. Average True Range: Period 12
3. Open and closing price of the candlesticks
Description of indicator: The main indicator for this strategy is ATR
and the strategy will check 5 m and ATR 5 period and execute buy order
if value difference of closing price and opening price (co) is
greater than value of ATR (5) multiplied by base co>base*atr (time
period 12) at 5 min time frame. If value difference between opening
price and closing price (oc) is greater than the value of ATR (5)
multiplied by base co>base*atr (time period 12) then sell order is
executed.
Stop loss and take profit is calculated based on the price of the last
tick ask and bid price.
Chosen settings: Currency pair: EUR/USD; Timeframe: 5 min; Take profit
20; Stop loss 150, Initial order amount is 2m with a lot adjustment
based on loss recovery strategy, if profit loss is less than 0 then
increases the amount to 5.5 m, ATR base is 0.2.