hello the strategy i use depending on two parts the first one start
point on candle and the second one start point trade event
i work on the instrument EUR/CHF . THE FIRST PART every 4 hours checks
situation in the market by measuring 1 hour RSI and
if RSI is higher than 75 short position of 15M, TP 4 pips, SL 60 pips
is opened and if RSI is lower than 25 long position
of 15M, TP 4 pips, SL 60 pips is opened . the second part opens 1 or
more positions during day
(if there is no open positions from previous day) until some position
is closed with profit..
Amount of first position is 3.5M, amount of second and following
positions is increased 2 times.
Before using this amount for trade check if there is enough margin is
made. If margin is not enough amount is decreased
in order to conform margin requirements. Additionally initial SL is
increased by 10 pips and TP is increased by 25 pips.
Initial SL is set to 45 pips, TP is set to 11 pips.First position is
dedicated for benefiting from daily candles tails.
Strategy checks if rate is higher or lower than daily candle open
value by 10 pips and if it is a case opens SHORT or LONG
position. Principle of such logic is that daily candles usually have
tails and move to one direction is usually followed
by move to another direction before daily trend is unveiled. If this
trade not succeed another trade is opened by using
principle described above. Principle of second and following trades
opening logic is that larger movement to either
direction (SL is set to 55 pips or more) usually is followed by some
pullbacks. As second and further positions amount is
higher and TP is bigger following positions is also dedicated to cover
previous positions losses.
(first and second (second depending on accrued balance) following in
full, third and further partially).