EurUsdcountertrend_v18

Default image
EurUsdcountertrend_v18 is a candle close strategy, which trades only the EurUsd pair based on buying when the maket is bearish and selling when the market is bullish - making use of retracement. It trades on a 1 minute chart. For this I use the indicators: fibonacci pivot points - set to 1 hour, and RSI_14, set to 4hour. The market is deemed bullish when the price is above pivot Resistance1 (below Resistance3 - because a break above pivot resistance 3 may make the market overly bullish and retracement may not happen - I backtested this)) in a 1 hour period and RSI_14 is above 60 in a 4 hour period - it sells when a 1 minute candle closes between Fib pivot Resistance 1 and fib pivot Resistance 3 on an hourly chart and RSI_14 is above 60 on a 4hr chart. Vice versa it will buy when a 1 minute candle closes between fib pivot Support1 and Support3 (below pivot support 3 may be overly bearish and retracement may not happen - I backtested this) on an hourly chart, and RSI_14 is below 40 on a 4hr chart. SL is 142 pips because the area wherein the trade is activated has a variable range based on where pivot and resistace/support levels are due to previous price action. TP is only 5 pips because it trades against the market direction and I want to catch small retracement only, also smaller trades makes it possible for the strategy to shift from bearish to bullish market on time without getting stuck in a single trade. Lot size increases with every trade because I set max lot size at 25 milion and maximum equity is used on each trade to fully profit from the small trades. The strategy opens about 30-40 positions a month based on backtesting.
Version: Date: Status: Description:
9 27.08.2019 Not running EurUsdcountertrend_v18  Download
8 24.07.2018 Not running EurUsdcountertrend_v18  Download
7 24.07.2018 Not running EurUsdcountertrend_v18  Download
6 06.01.2016 Not running EurUsdcountertrend_v18  Download
5 03.01.2016 Executed EurUsdcountertrend_v18  Download
orto leave comments


(few words about added changes)

(example: 1.1, beta, alpha)