Hello,
I have constructed my own version of the webinar strategy “Visual JForex Webinar: building a scalping strategy”
https://www.youtube.com/watch?v=g1NRREGzG5QHowever, when I test the strategy in both VJFX and JFX, no positions are ever opened (see attached .jpg). I have gone through the webinar many times and I have failed to locate my errors.
The strategy rules are:
- Pair: EUR/USD
- Time: European session only (from 7: 00 to 16: 00 GMT)
- Entry rules:
* Spread below 0.5 pips
* If 2 last one minute candles and the last 10 second candle are on the same direction, follow the trend
* Take profit: 5 times the spread
* Stop Loss: 10 times the spread
* Trailing step: one take profit in pips
* Amount: 2% of the equity
- Stop opening positions if the use of leverage goes above 30%
- Do not leave any position open over the weekend
If someone can look at the attached strategy and identify why it does not function, I would be grateful.
Regards,
RT
