The strategy uses MACD Indicator and Candles on a 1 hour chart for
GBP-USD. MACD is used to determine the direction and the candles are
used to determine the entry.
If the MACD is above zero and if the previous candle is bullish and
when the price goes above the high of the previous candle, a buy trade
is triggered.
If the MACD is below zero and if the previous candle is bearish and
when the price goes below the low of the previous candle, a sell trade
is triggered.
The strategy only generates new trades between 0500 to 15 HRS GMT and
uses 4 lots. Profit limit is 100 pips and stop loss is 20 pips.