Strategy Description:
Set of traded currency pairs: GBPUSD, GBPAUD, GBPCAD, GBPJPY, EURUSD, EURGBP, EURAUD, EURCAD, EURJPY, AUDUSD, AUDNZD, AUDCAD, AUDJPY, NZDUSD, NZDCAD, USDCAD, USDJPY
At the time of the market opening after the weekend, it is determined on which pairs from the list the price has passed from the opening to the closing of the weekly candle more than 2000 points and we open a position in opposition to the weekly movement in order to take a pullback of 500 points. No stop is placed.
If the price goes against the position, then every 200-300 points (250 by default), another additional order is opened, and the take profit on the total position is calculated depending on the number of additional positions.
If the position is not closed on the take in the first two days, then the take must be manually set to breakeven (close a prolonged trade with zero profit)
The deal does not open if the market opened on Monday with a gap in the direction of entry of more than 150 points.
The recommended lot is 0.1 for every 10,000 units of the deposit
According to statistics, most transactions are closed from the first order or in the first two days. Very rarely, you may need 6 positions to completely close a trade.
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Expert Advisor parameters:
- Symbol selection mode-The mode for selecting traded currency pairs. You can choose to trade one pair, only on the chart of which the Expert Advisor is installed, or by filling in the list of pairs in the next field, and you can also prepare a set of tools in the “Market Watch” window (Market Overview)
- Set of currency pairs, separate by comma – List of pairs.
- Contract sise – Lot size
- Tacke profit – 53 characters in quotes
- Minimum candle body – The minimum body size of the closed weekly bar when the position is opened.
- Maximum allowed Gap – The maximum gap exceeding which prohibits opening a position.
- Step averaging – Averaging distance.
- ID expert – Magic number
Important:
- In the tester in visual testing mode, the Market Watch contains only one pair. Therefore, only “List symbols” or “Current symbol”can be selected for the test in visual mode.
- It is recommended to run the Expert Advisor before the weekend.
Important:
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