This strategy trades EURAUD 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 40 pips. Only one order at a time is possible. Trading
is allowed from Monday from 9 AM till Friday at 21 PM. The trading
period is 5-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: 0.9 million order amount; 20 pips
stop-loss; and 25 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: 0.9 million order amount; 20 pips
stop-loss; and 25 pips take profit. Once an order is closed with
profit, then the next order amount is calculated with the following
expression: 0.9 million x equity / 100 000. The time gap between a new
order and the previous one closed with profit has to be higher than 1
hour. 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 2 times. The last
order of the streak of 2 increases has the following parameters: 300
pips stop-loss; and 35 pips take profit.