Description:
VScalp3_4_May2016 is a momentum scalping strategy. It opens a long
position when CCI(14) closes above 200 and a short position when
CCI(14) closes below -200. The strategy opens one position per
trading
day (Monday to Friday). It may skip one trading day (usually NFP day)
per month. It trades only when spread is lower than or equal to 2
pips. The strategy uses EUR/USD currency pair on 1 Min timeframe. SL
is set at 55 pips and TP at 2 pips but the latter is adjusted to 7
pips on a drawdown of $10K or more. Trade amount is calculated as
follows: amount = Equity / 10000 / LastBidCandle.CandleOpen * 50 /
defaultStopLoss - 0.1. The strategy validates margin before weekend
leverage comes into force and closes a position if necessary.
Input parameters:
Name Value Description
defaultInstrument EUR/USD Instrument
defaultSlippage 2 Slippage (pips)
defaultStopLoss 55 Stop loss (pips)
defaultTakeProfit 2 Take profit (pips)
defaultPeriod 1 Min Time period
startDay 2 Week day to start trading
endDay 6 Week day to end trading
skipDay 6 Month day to skip trading
startHour 9 Hour to start trading (GMT)
endHour 15 Hour to end trading (GMT)
maxSpread 2 Maximum spread (pips)
cciValuePlus 200 LONG position condition
cciValueMinus -200 SHORT position condition
adjustProfitLoss -10000 P/L required to adjust take profit
adjustTakeProfit 7 Adjusted take profit (pips)
lastEquity 100000 Equity level before the last trade