Strategy works in EUR/USD pair. Trading idea is that during night
time
movements are not so
big and in most cases if rate goes away, it usually returns back
during day time. New positions are opened only during
night time from 19.00 GMT to 06.00 GMT. Position amount is 7M, SL -
200 pips, TP - 5 pips. Initially position direction is chosen by
comparing previous 10 min. candle open value with last tick value,
i.e.,
if
candle open is lower than last tick ask - LONG position is opened,
and
if higher - SHORT position is opened.
After that, if position is closed with profit, next LONG or SHORT
positions are opened in rotation and if position is closed with
loss,
next position is opened with the same direction as previous position.
When night time is over, strategy don't open new trades and if during
night time opened position is closed, strategy waits for a new night
time to begin and only then it will start new positions opening
cycle.
In order, to avoid situations when rate goes away
and
don't return, on Friday SL is moved closer to position level and set
trailing stop.
In version 6 pair is changed to EUR/CHF and trading hours from 1 to 22
GMT.