- Trading Logic. Where and how strategy trades. First of all, it is important to pinpoint that when this strategy finds its trading pattern it will not open one single order, but rather it opens a sequence of orders - In a martingale way - [ 8 is the maximum of orders allowed to be opened in this version of the strategy ]. Indeed, it is a sequence of orders that will be opened one after the other and each order will try to recover all the losses of the preceding orders, till an order finishes with a take profit, or that we arrive at 8th (last) order finishing with a stop loss : in this case, we have a big loss that equals the sum of the losses of the 8 preceding orders. It is also important to precise that I am using both the amounts of the orders and ratios between TPs (take profits) and SLs (stop losses) to recover from preceding losing orders. For example, let s say that the first order, of an amount of 1M, did not reach it TP of 50 pips, but rather reached its SL of 50 pips. To recover from this loss, the first option is to increase the amount, but if I would like to keep the same amount, I must use greater TP. So my next order can be an order of 1M and with a TP of 100 pips (anything greater that 50 pips will work) The logic for opening the first order: This strategy opens the first order when there is a relatively big movement in price in a short period of time. It concretely corresponds - in this version of the strategy - to a move of at least 13 pips in a period of 1 Minute. This usually happens during news release times, but may also happen during the opening of stock exchanges... and maybe somewhere else!!. The bottom line is : whenever we have a ONE MINUTE candlestick which has a length greater or equal to 13 PIPS, the strategy will open an order in the direction of the candlestick (= the direction of the move). A BUY order if the candlestick is green and a SELL order if the candlestick if red. For simplicity, we will assume that our first order is BUY order, for the rest of this description. The logic for opening the rest of the orders in a sequence: If the first order reaches its TP : then there will be no other orders. The strategy will be looking for the next pattern. If the first order reaches its SL, we will open the first recovery order in the opposite direction of the direction of the order before (The first order is BUY ==> the second is SELL) and we keep repeating this logic till reaching a TP or reaching the 8th (last) order. After the 8th order, there are no recovery orders; the strategy will start looking for a new pattern. ( In this version of the strategy. SL = 13 pips and the TP = 5 * SL. So to recover from the preceding losses, each time we increase the amount with 25% (of the initial amount) ) Let’s suppose that we went to the 8th order, the directions of the orders will be as follow: First order: BUY ==> second order : SELL 3th order: BUY ==> 4th order: SELL 5th order: BUY ==> 6th order: SELL 7th order: BUY ==> 8th order: SELL - Description of indicators. Why are they used in strategy. No indicators are used - Explanation of chosen settings. Time frames, currency pairs, SL, TP and other settings. Time frames = 1 MIN Currency pairs = EUR/USD bodyThres = 13 pips : the minimum length of the body of the 1 min candlestick for a pattern to be valid SL = 15 pips TP = 5 * SL The strategy has an option to change the initial amount : It decides to double the initialAmount when the equity gets bigger and bigger. for this version : equity < 100000 : initialAmount = 5.0 M 100000 < equity < 200000 : initialAmount = 10.0 M (2 * initialAmount) 200000 < equity < 300000 : initialAmount = 15.0 M (3 * initialAmount) .... and so on. There is no trail in this strategy