INMALAv2d - Description of Strategy:
Trading Logic: The strategy catches tops and bottoms. It's trading
against the trend assuming the market always fluctuate and all trends
have retracements. Strategy does best when the market is not very
volatile.
Description of indicators: It's using only one indicator, the popular
CCI which detects overbought, oversold conditions.
Explanation of chosen settings: Strategy is using the CCI indicator in
two timeframes. The bigger timeframe is 30 minutes where CCI is
applied with a 14 period. Strategy detects overbought condition if CCI
is above 100 and oversold condition if it's below -100. The shorter
timeframe tries to follow the new trend in an 1 minute timeframe and
strategy sells if CCI is below 0 and buys if CCI is above 0. It only
trades EUR/USD pair. The strategy is using a 10 pip take profit order
and a stop loss of 500 pips. The reason is because it doesn't want to
be stopped out by short term market fluctuations.
Method of trade volume calculation: Position sizing is automatically
adjusted to equity by dividing the equity to 40000 and since it starts
with 100000, the volume in the beginning is a little more than 2
millions then keeps growing up as strategy wins.