TheCure2023 Ver1- based on tick price action. Therefore, this is my first strategy that has no indicators. It was built in Visual JForex and has the following logic:
It read ticks for a difference between last and previous ticks that is more or equal to 1pip and a spread of 0.1 pips.
- Instrument - GBP/USD.
- It read ticks for a difference between last and previous ticks that is more or equal to 1pip and a spread of 0.3 pips.
- Thus if lastTick>PreviousTick on 1 or more pips and current spread is 0.3 we BUY.
- If lastTick is less then PreviousTick with the same condition - SELL.
Money Management: SL is 15 and TP is 30 . Amount - 4 lots. It has a Martingale method that doubles the amount each loss.Every day we have only 1 positive order than wait till the next day. If order closed in a loss, we trade again with martingale until all losses will be covered up.
OnCandle each hour it checks if ProfitLossInPips is more or equal to 5 pips.
Than on Daily candles, it checks if last balance were covered up and switches to normal mode - One Positive trade a day!
Never trade on Sunday
Version 3 has the following changes:
OnCandle if on Hour candle ProfitLoss is not more than 0, it forces to change PL to 1pip. If the system is in recovery mode, it changes TP to 18 pips.
SL is 40 pips and trailing remained 18 pips. All this option made the system safer.
Also minimum entrance spread is 0.4. And we make each following signal opposite to its origin
So as for me, I'm still doing some researches and going to adapt this strategy on other instruments and trade it on LIVE account.