strategyV02Sep20

The strategy trades GBPUSD based on a momentum indicator, the Relative Strength Index (RSI). Only one order per day is allowed. There are 2 types of orders: type A and type B. Orders type A can be opened from 6 AM to 15 PM and from Monday to Thursday. On Fridays, the schedule is different, from 6 AM to 12 AM. The trading period is 15 minutes. To open a buy order type A, the following conditions have to be verified: the RSI(current bar) equal or lower than 30; the RSI(previous bar) equal or lower than 30; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 75 pips. To open a sell order type A, the following conditions have to be verified: the RSI(current bar) equal or higher than 70; the RSI(previous bar) equal or higher than 70; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 75 pips. The orders type A have the following assignments: take profit @ 9 pips; stop loss @ -100 pips; and slippage @ 2 pips. If equity drops below 75.000, the take profit assignment of orders type A changes from 9 pips to 12 pips. Orders type B can be opened from 15 PM to 24 PM and from Monday to Thursday. On Fridays, the schedule is different, from 12 PM till the close of trading. The trading period is 1 minute. To open a buy order type B, the following conditions have to be verified: the RSI(current bar) equal or lower than 30; the RSI(previous bar) equal or lower than 30; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 30 pips. To open a sell order type B, the following conditions have to be verified: the RSI(current bar) equal or higher than 70; the RSI(previous bar) equal or higher than 70; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 30 pips. The orders type B have the following assignments: take profit @ 1/3 of take profit assignment of orders type A; stop loss @ -100 pips; and slippage @ 2 pips. The order's amount for both the type of the order A and B is calculated according to the following expression: 7 million x current equity / 100.000. If equity rises above 175%, the script sends an instruction to close the order filled in the system.
Version: Date: Status: Description:
2.1 13.09.2020 Not running  Download
2.0 27.08.2020 Executed The strategy trades GBPUSD based on a momentum indicator, the Relative Strength Index (RSI). Only one order per day is allowed. There are 2 types of orders: type A and type B. Orders type A can be opened from 6 AM to 15 PM and from Monday to Thursday. On Fridays, the schedule is different, from 6 AM to 12 AM. The trading period is 15 minutes. To open a buy order type A, the following conditions have to be verified: the RSI(current bar) equal or lower than 30; the RSI(previous bar) equal or lower than 30; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 75 pips. To open a sell order type A, the following conditions have to be verified: the RSI(current bar) equal or higher than 70; the RSI(previous bar) equal or higher than 70; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 75 pips. The orders type A have the following assignments: take profit @ 9 pips; stop loss @ -100 pips; and slippage @ 2 pips. If equity drops below 75.000, the take profit assignment of orders type A changes from 9 pips to 12 pips. Orders type B can be opened from 15 PM to 24 PM and from Monday to Thursday. On Fridays, the schedule is different, from 12 PM till the close of trading. The trading period is 1 minute. To open a buy order type B, the following conditions have to be verified: the RSI(current bar) equal or lower than 30; the RSI(previous bar) equal or lower than 30; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 30 pips. To open a sell order type B, the following conditions have to be verified: the RSI(current bar) equal or higher than 70; the RSI(previous bar) equal or higher than 70; spread equal or lower than 2 pips; and the difference between the daily high and the daily low equal or higher than 30 pips. The orders type B have the following assignments: take profit @ 1/3 of take profit assignment of orders type A; stop loss @ -100 pips; and slippage @ 2 pips. The order's amount for both the type of the order A and B is calculated according to the following expression: 7 million x current equity / 100.000. If equity rises above 175%, the script sends an instruction to close the order filled in the system.  Download
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fx_lmcap 13 Sep.

V2.1 changes to V2.0:

The orders type A have the following assignments: take profit @ 12 pips; stop loss @ -100 pips; and slippage @ 2 pips. If equity (drops) is below 175.000, the take profit assignment of orders type A changes from 12 pips to 15 pips.

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