This strategy trades GBPUSD based on three indicators, the Williams
Percent Range (WPR), the Stochastic Oscillator (SO) and the Relative
Strength Index (RSI). Orders are settled when the aggregate of the 3
indicators points in one direction, sell or buy. To open a buy order,
it requires the WPR lower than -80, the SO lower than 20 and the RSI
lower than 30. To open a sell order, it requires the WPR higher than
-20, the SO higher than 80 and the RSI higher than 70. The default
order amount is calculated according with the following expression:
0.9 million x current equity / 100.000. If the default order is
non-profitable, then a new order is created with an amount increased
by 3 times the previous closed order amount (assigns are the default
ones). If non-profitability maintains, once more a new a new order is
created with an amount increased by 3 times the previous closed order
amount. For the previous mentioned order, the SL is 144 and all the
other assigns are the default ones. The opening of default orders is
allowed from Mondays till Thursdays, from 6 GMT to 16 GMT, and on
Fridays, from 6 GMT to 12 GMT. Also, the opening of default orders is
allowed only when the GBPUSD daily amplification is higher than 55
pips and when there is an hourly gap higher than 2 hours between two
consecutive orders (meaning that the last closed order was
profitable). Orders with an increased amount can be opened from Monday
till Thursday without hourly restrictions and on Fridays before 16
GMT. In case of a settled order during the week before Friday 17 GMT
with leverage use equal or higher than 175%, then the order is closed.
In case of a settled order on Friday after 17 GMT with leverage use
equal or higher than 55%, then the order is closed. If equity moves
below 25.000 USD, the strategy stops automatically. If at any time
there are two opened orders simultaneously, the strategy stops
automatically.