This is my first strategy developed to deal in forex, I used the
EURUSD pair, it is one with which I felt more at ease to develop the
same.
The strategy works with a period of 5 minutes, and analyzes the
history of the last 10 candles. If the difference between the maximum
and the minimum of the last closed candle not exceeds 15.5 pips, it
will
do the calculations to decide whether to enter into BUY or SELL, in
accordance with the maximum and minimum of the last 10 candles.
If the condition is for SELL, still has 2 paths, if the last candle
is
a bearish or bullish candle, the tp will vary between 5 or 10 pips.
The SL is always of 105 pips and a lot of 5.5.
If the condition is for BUY, it again has two paths to follow, if the
last candle is a bearish or bullish candle, the tp will vary between
5
or 10 pips. The SL is always of 105 pips and a lot of 5.5.