This strategy trades GBPAUD based on 2 indicators, the RSI (Relative
Strenght Index) and the SO (Stochastic Oscillator).
Trading is only allowed when the difference between the daily high and
the daily low is higher than 75 pips. Only one order at a time is
possible. Trading is allowed from Monday from 6 AM till Friday at 16
PM. The trading period is 1-minute.
In order to open a buy order, the following premises have to
simultaneously occur: RSI(current bar) & RSI(previous bar) lower
or
equal to 30; SO(current bar) & SO(previous bar) lower or equal to
20;
and the difference between the current price and the daily low has to
be lower or equal than 25 pips. Default order parameters are: 0.25
million order amount; 25 pips stop-loss; and 30 pips take profit.
In order to open a sell order, the following premises have to
simultaneously occur: RSI(current bar) & RSI(previous bar) higher
or
equal to 70; SO(current bar) & SO(previous bar) higher or equal to
80;
and the difference between the daily high and the current price has to
be lower or equal than 25 pips. Default order parameters are: 0.25
million order amount; 25 pips stop-loss; and 30 pips take profit.
Once an order is closed with profit, then the next order amount is
calculated with the following expression: 0.25 million x equity / 100
000. If an order is closed with profit loss, the following new order
amount is increased by 3 times; that new order has the same direction
as the previously closed and it is opened immediately after the
previous close. The streak of increases can be done 3 times. The last
order of the streak of 3 increases has the following parameters: 300
pips stop-loss; and 35 pips take profit.