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Fx_lmcap Strategy Description (8/8) - Strategy Constest 07/2023
The 1st and 2nd ‘Order Type B’ have the following assignments: take profit @ 30 pips; stop loss @ 30 pips. The 3rd ‘Order Type B’ has the following assignments: take profit @ 30 pips; stop loss @ 60 pips. If the 3rd ‘Order Type B’ is closed under the trigger of the stop loss assignment, the algorithm reboots and the next order is an ‘Order Type A’.
If there is an opened order, the algorithm closes that order if: the ‘Use Of Leverage’ rises above 175%; on Fridays after 5 PM. The screen capture b…
If there is an opened order, the algorithm closes that order if: the ‘Use Of Leverage’ rises above 175%; on Fridays after 5 PM. The screen capture b…
Fx_lmcap Strategy Description (7/8) - Strategy Constest 07/2023
An ‘Order Type A’ has the following assignments: take profit @ 30 pips; stop loss @ 1 pip.
An ‘Order Type B’ is opened when the previously closed order was non-profitable. The opening of ‘Order Type B’ can be executed during the full week schedule except for Fridays after 5 PM. The algorithm settings allow for a streak of 3 consecutive ‘Order Type B’. The screen capture below shows:
An ‘Order Type B’ is opened when the previously closed order was non-profitable. The opening of ‘Order Type B’ can be executed during the full week schedule except for Fridays after 5 PM. The algorithm settings allow for a streak of 3 consecutive ‘Order Type B’. The screen capture below shows:
- 2 blocks highlighted inside the yellow rectangle to verify the schedule condition
Fx_lmcap Strategy Description (6/8) - Strategy Constest 07/2023
An additional condition to open both a buy or sell ‘Order Type A’ is the gap between two consecutive orders being equal or higher than 60 minutes. The screen capture below shows:
- 1 block highlighted inside the yellow square to verify such condition
- Several blocks highlighted inside the red rectangle for the input required to verify the previous mentioned condition
Fx_lmcap Strategy Description (5/8) - Strategy Constest 07/2023
To open both a buy or sell ‘Order Type A’, the spread must be equal or lower than 2 pips and the difference between the daily high and the daily low must be equal or higher than 30 pips. The screen capture below shows:
- 1 block highlighted inside a yellow square to verify the condition of the difference between the daily high and the daily low being equal or higher than 30 pips
- 2 blocks highlighted inside the red rectangle to verify the condition of the spread being equal or lower than 2 pips