INVERSE BOTv1 is a counter-trend strategy based on 2 WMA-Weighted Moving Average and Last Candle Price Close.
It only trades the pair GBPUSD in the period of ONE-HOUR.
First, the strategy subscribes to the corresponding pair, the correct period, and verifies if that there are no open orders.
Next it check if the Last One-Hour Candle is a BULL or BEAR candle.
If it is a BULL candle, calculate the values of the 2 WMA's with the defined parameters and check if the Last One-Hour Candle closed above the values of the 2 WMA's.
If this condition is verified it opens a SELL order with the defined parameters.
If it is a BEAR candle, calculate the values of the 2 WMA's with the defined parameters and check if the Last One-Hour Candle closed below the values of the 2 WMA's.
If this condition is verified, it opens a BUY order with the defined parameters.
The orders are open to the market with the TP of 9 pips a SL of 250 pips and a volume of 6 lots.
It only trades the pair GBPUSD in the period of ONE-HOUR.First, the strategy subscribes to the corresponding pair, the correct period, and verifies if that there are no open orders.
Next it check if the Last One-Hour Candle is a BULL or BEAR candle.
If it is a BULL candle, calculate the values of the 2 WMA's with the defined parameters and check if the Last One-Hour Candle closed above the values of the 2 WMA's.
If this condition is verified it opens a SELL order with the defined parameters.
If it is a BEAR candle, calculate the values of the 2 WMA's with the defined parameters and check if the Last One-Hour Candle closed below the values of the 2 WMA's.
If this condition is verified, it opens a BUY order with the defined parameters.
The orders are open to the market with the TP of 9 pips a SL of 250 pips and a volume of 6 lots.
