SC042022

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First of all, I would like to note that the traded instrument used in the strategy is USDZAR. Quotes of the USDZAR currency pair are subject to high volatility. Coupled with volatility, it is also, characterized by sharp and chaotic price fluctuations, which undoubtedly creates high risks, including opening up huge potential for excellent profit concentration. The idea of the strategy is based on the method of identifying the state of the market at a certain point in time relative to the non-traditional calculation of SMA. Speaking of non-traditional SMA calculation, it means applying a filter in the price (ASK) calculation of closing for a period of one hour. As you know, each of the calendar months includes from four to five trading weeks, full or not. For each trading week, one or another, or several values are determined for the time period for which it is necessary to calculate the average closing price. The indicator calculates the value of the average price, except for the closing prices of hourly candles, the true range of which is more than 600 points (this limit can be changed depending on the expectations of the strategy or other preferences of its kind) for the previous hour, as well as for the hour preceding the previous one. Typically, the default data value is zero. At a time when the filtered values are greater than zero, and also equal to each other, this method aims to identify the identity as a signal. According to the strategy, this mechanism signals the consolidation of prices, creating a condition for opening a position. Further, BID and ASK volume indicators, as well as closing and opening prices (ASK, 1hr) complete the chain with limit orders.
Version: Date: Status: Description:
2 01.04.2022 Not running SC042022  Download
1 01.04.2022 Executed SC042022  Download
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