BesTrade - Has two substrategies. One works on First Friday with
EURUSD on 5 mins timeframe using default trade amount 0.001M. The
second works on the Rest of the Month with GBPUSD on 1 hr timeframe
using Maximum leverage. TradeAmount=Equity/10000.
When EURUSD is in action. Trading Logic is based on last bid candle
close. If close is greater than open Long trade otherwise short
trade.
SL 5 TP 29. If Profit is greater than 11 pips before 20:00 hrs SL
set
to -8 pips. After 20:00 hrs if Profit is greater than 5 pips SL set
to
-5 pips.
When GBPUSD is in action Trading Logic is - If CCL is moving upwards
from below -200 Long trade is opened. If CCL is moving downwards from
above 200 short trade is opened. If there is any trade already open
in
the opposite direction then it will be closed before opening the the
new trade. SL 25 TP 299. If Profit is greater than 15 pips SL set to
-6. Trade is closed everyday after 20:00 hrs if Profit is more than 5
pips. Keltner(10) and DEMA(200) are also used for Closing trades.
For Long trade if lower band is below DEMA(200) and last tick bid is
greater than upperband trade will be closed if profit is more than 5
pips.
For Short Trade if Upperband is above DEMA(200) and last tick bid is
below lower band then trade will be closed if profit is more than 5
pips.
Default Instrument and Default time period are changed in
substrategies only during the first minute of the date change. For
example this strategy was started quite late today so the default
instrument and default time frame did not change. But the
substrategies remain in tact. There was a small logical error which
effected the performance on the first friday with little impact on
overall performance. The Strategy chose default Time Period at its
will because no selection was made in that section of the
sub-strategy. This can be changed in the updated version for testing
it every friday.