Strategy works in EUR/USD pair. For decisions to open positions two
indicators are used - SMA and RSI (time frame 1 hour). Checking of
situation in market is done every minute. If rate is under SMA and
RSI
is not less than 35 strategy sells and in rate is above SMA and RSI
is
not higher than 65 strategy buys. TP is 99, SL is 33. Initial trading
volume is calculated according to formula 0,1M + Equity/100000. After
unsuccessful trade - trading volume is multiplied by 1.33 in order to
cover previous position losses. After successful trade trading volume
is reset to initial level. Additionally spread is calculated and
position is opened only if spread is 0.4 pips or lower. This is done
in order to avoid opening of positions during intense movements in
the
market then spread widens. One more check which is made every 30
minutes
is implemented. Initially check if equity is higher than initial
target - 100'000 is made and if it the case open position is closed
and new target is set to present equity level. Later on check is made
if equity is higher than new set target.