DOS - Daily Open Strategy. This strategy checks and uses the daily
open price as a reference value to enter the trades.
The trading session is valid and begin at Frankfurt Opening Session
“7:00GMT” till two hours before NY Closing Session “18:00
During the trading session, each hour the actual price is compared to
the “daily open price”, “daily open price + 100 pips” and
“daily open price - 100 pips” in order to set long or short
position according to the actual price value, if the price is below
those values a buy order is settled, and if it is above those values
sell order is set.
The pair traded is GBP/JPY, the SL is settled to 100 pips and the TP
to 30 pips.
When an order is trigged and if the TP isn’t reached within 3 hours
we consider that the momentum isn’t pushing that much and the
strategy start to check each hour for the increase in the account
equity in order to close the order without losses.
The trade volume is reduced by 70% to a more conservative amount
10 to 3 lots) during last week day to be prepared for the leverage
reduction to 1:30 (over-the-weekend leverage).