Hello traders.
This is the full detailed description of my JAN24 automated strategy run during May 2024 contest period.
The strategy uses a single simple moving average indicator (SMA) and a 1-hour candle pattern, if the price is below the SMA at 2AM UTC the strategy waits for the latest H1 bear candle to close, then opens a GBPUSD buy position, or a sell position if otherwise (latest H1 bull candle to close if price is above the SMA).
The strategy is designed to open only one trade per day, tak…
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