birzelis1

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Trading logic: Strategy trade max 3 positions per day. Counting starts from 23 GMT. Logic is to close small movements which occur during night time and morning trading before bigger movements occur. To open first position strategy takes previous daily candle and first position is opened in opposite direction, i.e. if last day candle bullish short position opened if bearish long position opened. Remaining 2 trades of the day is opened in opposite direction than previous ones. Description of indicators: indicators are not used in strategy logic only previous daily candle. As strategy aim is to close small movements and stop further trading in the remaining trading day indicators are not used. Explanation of chosen settings: Strategy uses on tick start method. As strategy aims to close small movements during limited time it is essential to open positions quickly. Pair is USD/JPY as this pair movement during night time is quite intensive. SL-60, TP-13. TP is a lot smaller than SL in order to avoid possible temporary spikes or dips. Method of trade volume calculation: There are 2 trading volumes for first position of day possible - 5M or 0.5M (for second and third volume is fixed - 5M). 5M is used if previous daily movement interval is greater than 50 pips. If less 0.5 M is used. This is done in order to have some risk management - if previous movement was not big - quite big movements might be possible even during night time.
Version: Date: Status: Description:
2 02.11.2014 Not running birzelis1  Download
1 01.06.2014 Not running birzelis1  Download
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