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 89 pips. Only one order at a time is
possible. The trading period is 5-minutes.
For default orders, trade is allowed on Monday, Tuesday, Wednesday and
Thursday from 9 AM till 17 PM. On Fridays, default orders trade is
allowed from 9 AM till 11 AM.
A default buy order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is lower or equal than 30; SO(current bar) &;
SO(previous bar) lower or equal than 25; and the difference between
the current price and the daily low is lower or equal than 15 pips.
A default sell order is filled when simultaneously the: RSI(current
bar) & RSI(previous bar) is higher or equal than 70; SO(current bar) &
SO(previous bar) higher or equal than 80; and the difference between
the daily high and the current price is lower or equal than 15 pips.
Default order parameters are: 0.9 million amount; 30 pips stop-loss;
and 35 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.
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. These increased amount orders can
be filled from Monday to Thursday without hourly restrictions and
restricted on Fridays before 17 PM.
(Whenever one or more orders are filled in and if those have profit
higher than 45 pips, a close instruction is sent.)