This strategy trades GBPUSD based on three indicators, the Williams
Percent Range (WPR), the Stochastic Oscillator (SO) and the Relative
Strength Index (RSI). Orders are settled when the aggregate of the 3
indicators points in one direction, sell or buy. To open a buy order,
it requires the WPR lower than -80, the SO lower than 20 and the RSI
lower than 30. To open a sell order, it requires the WPR higher than
-20, the SO higher than 80 and the RSI higher than 70. The default
order amount is calculated according with the following expression:
0.9 million x current equity / 100.000. The default period is 10
minutes. If the default order is non-profitable, then a new order is
created with an amount increased by 3 times the previous closed order
amount (assigns are the default ones). If non-profitability maintains,
once more a new a new order is created with an amount increased by 3
times the previous closed order amount. For the previous mentioned
order, the SL is 144 and all the other assigns are the default ones.
The opening of default orders is allowed from Mondays till Thursdays,
from 6 GMT to 16 GMT, and on Fridays, from 6 GMT to 12 GMT. There are
no daily or hourly restrictions over the opening of orders with an
increased amount. In case of a settled order during the week before
Friday 17 GMT with leverage use equal or higher than 189%, then the
order is closed. In case of a settled order on Friday after 17 GMT
with leverage use equal or higher than 55%, then the order is closed.
If equity moves below 25.000 USD, the strategy stops automatically.