This strategy is using simple moving average indicator which is
nothing but SMA.
A simple moving average (SMA) is an arithmetic moving average
calculated by adding the closing price of the security for a number of
time periods and then dividing this total by the number of time
periods. This description I get it from google.
I used 15mins timeframe for the pair GBPUSD with GMT timezone. So
first trade will open based on previous 15 bar closed lower or higher
based on opneing price. If the bar closed above the open price, then
my strategy will buy GBPUSD with the amount I used in strategy. I used
80pip stop loss and 8 pip as profit. If my trage goes with correct
progress, then position will close greater than or equal with 8 pips
profit. If it goes negative direction, it will close 80 pip stop
loss.