SircrisVFX201505

The strategy is based on identifying overbought and/or oversold moments for the market entry. To do this, momentum indicators like RSI and ADX are used. At the same time, it is verified that the market in the long and medium term has a compatible trend with the entry type (BUY/SELL), for this purpose different moving averages are used with varying timeframes (1 hour, 4 hours & daily). The strategy is multi-instrument, this version is using the EUR/JPY & EUR/USD pairs (plus GBP/USD in the second strategy, see below), but future versions could use more & different pairs. The strategy uses money management to determine the trade volume, but allows the entry of a fixed volume thus disabling money management. The strategy is selective in terms of the time to trade. This version includes a second strategy inside the main strategy, it is a trend strategy on the GBPUSD pair and uses Mov average (H1), RSI and the last candles to trade following the trend, it trade only when the main strategy does not trade, is symmetric of course, but is very strict and could do very little or even no trades during the month, the SL:TP ratio of this strategy is 9:5. Finally, the strategy also uses a martingale to try to recover from a loss. Version 2 fix an error in the setting of the SL and TP when the martingale is activated. The StopLoss:TakeProfit ratio of the main strategy is 9:1 except if the martingale is used. The strategy was designed exclusively for the Dukascopy Strategy Contest in May 2015, so will not work correctly in a different period. Remember that the use of a copied strategy violates the (4.d) section of the official contest rules (RCR). Version 3 contains the names change of all the variables upon request from JForex contest team, and a modular design for a better understanding of the strategy by the observer (a description of the functionality of each module is provided through a personalized note).
Version: Date: Status: Description:
3 09.05.2015 Not running SircrisVFX201505  Download
2 06.05.2015 Not running SircrisVFX201505  Download
1 01.05.2015 Executed SircrisVFX201505  Download
sircris avatar
sircris 8 May

In the 6th trade (sell GBPUSD) 200 pips spike! at 21:00 GMT,  80+ slippage pips over the original SL. This is an example of the giant risk involved into the Forex.

sircris avatar
sircris 9 May

Version 3 contains the names change of all the variables upon request from JForex contest team, and a modular design for a better understanding of the strategy by the observer (a description of the functionality of each module is provided through a personalized note).

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