Strategy principle - benefit from sideways movements. Strategy works
in
USDJPY pair and opens LONG and SHORT trades in array with SL - 100
pips
and TP - 30 pips.
That means if sideways movements comes for some time there is good
possibility
to benefit from TP more than 3 times smaller than SL. There is no
indicators used in strategy just simple approach with TP 3+ times
tighter than SL.
Situation in market is checked every hour. First trade direction is
chosen based on last hourly candle - if candle is bearish - LONG
trade is opened, if bullish - short trade is opened. Later on,
direction is changed
every time after position is closed not depending of outcome.