May2020contest (ver. 4) Running

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This multi-currency strategy takes a contrarian approach to the generally accepted view that when a candle wicks over an important SMA then a price rejection has taken place, therefore the strategy goes the opposite way into a "liquidity grab" area. I consider the hourly SMA 33 used in version 1 as important as the 50, 100 and 200 SMA's. However, backtesting has shown that the SMA 200 used in version 2 performs better in the last 10 days of the month. The pairs A/J, N/J, C/J are running on the hourly timeframe while E/U is scalped on the 10 min. As the E/U is on a timeframe 6 times less only a 2 pip SL and TP are executed with the lot size accordingly reduced as these trades are just scalps. So, for the A/J, N/J and C/J pairs which run on the hourly IF the last sh1 candle is red and closes above sh1 SMA 33 with a wick over the SMA 33 (with a candle low below this SMA 33) then a SELL at open of next candle is executed with 20 lots, SL 50 ,TP 15 and trailing step 10 pips. There is symmetrical action for BUY where a green candle closes below the SMA 33 and wicks over it (with a candle high above the SMA 33). On the other side, E/U is scalped on the 10 minute timeframe, where IF the last sh1 candle is red and closes above the sh1 SMA 200 with a wick over it AND sh1 SMA 100 > SMA 200 then a SELL is executed at the open of the next candle with 1/2 lot and a 2 pip TP and SL. There is symmetrical action for a BUY where a green candle wicks over the SMA 200. The strategy details are as follows: For pairs A/J, N/J and C/J IF All positions = 0 AND IF hourly sh2 candle close – hourly sh1 candle close > 0 AND IF hourly sh1 candle close > sh1 SMA 33 AND IF hourly sh1 candle low < sh1 SMA 33 then SELL 20 lots with TP 15, SL 50 and trailing step 10 pips. Symmetrical action for a BUY. For E/U IF All positions = 0 AND IF 10 min sh2 candle close – 10 min sh1 candle close > 0 AND IF 10 min sh1 candle close > sh1 SMA 200 AND IF 10 min sh1 candle low < sh1 SMA 200 AND sh1 SMA 100 > SMA 200 then SELL ½ lot with TP and SL 2 pips. Symmetrical action for a BUY.

Cumulative Profit/Loss dynamics

Selected period: 01.07.2021 - 31.07.2021

Full Stats

Classifica (points): 36 (240)
Performance, $ (points): 140,48K$ (172)
Drawdown, % (points): 36.91% (32)
Bonuses: 36
Average Profit Trade: 4,38K$
Average Loss Trade: -2983.91$
Profit factor: 0,00K
Number of trades: 99
Traded volume: 374,56M$
Illya avatar
Illya 21 Mag

Oh man! I'm glad to see your position on the first place! Keep going!

fx211pips avatar

Thanks Illya.

kangur avatar
kangur 22 Mag

Powodzenia całkiem nieźle

fx211pips avatar

Dzieki Kangur.

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