Strategy uses place bid/offer orders at every min to get the best
price. Therefore 1 min resistances are used for scalping. Volatility
(ATR on last 100 periods by 10 sec) is measured and has to be below
1 pip. If the last 1 min bar
is a rising bar the strategy tries to go short, if the last 1 min bar
is a falling bar the strategy tries to go long. The place bid/offer
orders are always set 1.5 pips better in the market as current
bid/ask. Good till time is one hour. Initial stop loss is set to last
bar close worse 300 pips, initial take profit is set to last bar
close better 2 pips. Volume is calculated by 100% risk, but is
reduced
to the volume of the last tick size. SL is trailed into trading
direction. There is also a booster algorithm, that closes a trade if
p&l in pips is
positive and opens a "boosted" one at 20% increased volume size. This
is checked every full min. If a trade closes in loss, the next one
gets a doubled volume. If the strategy encounters an upmove or an
downmove of 50 pips, the planned risk for the next trade is
multiplied by a factor of 120%