This startegy operates on EURUSD pair using 1 minute chart.
Indicators used: simple moving average (SMA) with settings: period
(21), applied price (open), shift (3), additional levels (+3 pips, -3
pips) - to determine current short term trend.
Trading settings:
Trading time (all time GMT):
Monday - Friday start at 7 am, finish at 8 pm (Friday 4 pm),
trading allowed within 10th to 58th minute of each hour.
Strategy closes all opend trades on Friday at 6 pm.
ExcludeMinutes - turned OFF in this strat - this setting allowes to
turn off the strategy on the 1-st, 30-th na 31-st minute of each hour
to exclude sharp currency moves during big economic data
announcements.
TradeSize is max allowed.
The strategy allowes two trades per day.
Important: there can be only one trade executed within one hour.
useCandleHighLow- turned OFF in this strat - first you specify candle
TF in the settings for this feature, for example daily Candle. If the
setting is turned ON then in case of any potential trade this
features
checks if TP of the potential trade is within current daily candle
range. It prevents the strategy to open trades, which TP levels
require new high or low levels.
useTrend - first you specify candle TF in the settings for this
feature, for example daily Candle, then strategy allowes to open
trades only in accordance with daily Candle. If daily candle is
bullish the strategy can open onle long trades and in case of berish
daily candle it cad open only short trades. In this version it is set
to hourly candle.
SL is set to 48 pips. TP is set to 4.8 pips for the first trade of
the day and 2.4 pip for the following one.
Trading logic:
LONG TRADE:
1) current 1 hour candle body is greater than 10 pips (current price
- 1 hour candle open price > 10 pips)
2) price is crossing SMA +3 pips level
3) previous 1 minute candle close price is lower than SMA +3 pips
level
SHORT TRADE:
1) current 1 hour candle body is greater than 10 pips (current price
-
1 hour candle open price < -10 pips)
2) price is crossing SMA -3 pips level
3) previous 1 minute candle close price is higher than SMA -3 pips
level