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### Trading Program Overview: The trading program is designed to execute trades based on various entry logics involving VWAP (Volume-Weighted Average Price) in conjunction with different technical indicators such as moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), Bollinger Bands, and Volume Oscillator. The program operates on a 5-minute chart and opens trades when specific conditions are met.
### Entry Logics:
#### 1. VWAP and Moving Averages: - Entry Condition: When VWAP crosses above/below a certain moving average (e.g., 20-period moving average). - Example: Buy when VWAP crosses above the 20-period moving average, sell when it crosses below.
#### 2. VWAP and RSI: - Entry Condition: When VWAP is oversold/overbought according to RSI. - Example: Buy when VWAP is oversold (RSI < 30), sell when it is overbought (RSI > 70).
#### 3. VWAP and MACD: - Entry Condition: When MACD line crosses above/below the signal line in conjunction with VWAP. - Example: Buy when MACD crosses above signal line and VWAP is trending upwards, sell when MACD crosses below signal line and VWAP is trending downwards.
#### 4. VWAP and Bollinger Bands: - Entry Condition: When VWAP crosses above/below the upper/lower Bollinger Band. - Example: Buy when VWAP crosses above lower Bollinger Band, sell when it crosses below upper Bollinger Band.
#### 5. VWAP and Volume Oscillator: - Entry Condition: When the volume oscillator crosses above/below a certain threshold. - Example: Buy when volume oscillator crosses above a threshold indicating increasing volume, sell when it crosses below a threshold indicating decreasing volume.
### Grid Levels ( RANGE LEVELS) Using ATR(1h or 4h or 1d ): The program utilizes grid levels based on ATR (Average True Range) to determine the distance between grid lines(or range lines ). ATR provides a measure of market volatility, which is crucial for setting grid levels. The distance between grid lines adjusts dynamically based on market volatility to adapt to changing market conditions. Those levels are used as ranges
### Scaling System: #### Within the Same Grid Level: - If a trade is losing but remains within the same grid level, new trades for the same currency pair will open, scaling into the position. - All open trades for this pair will close at the same price, providing an initial profit equivalent to the profit from one trade opening. - Take profit is set at a fixed distance (e.g., 10 pips) from the entry price. - Trailing profit of 3 pips is activated once the trade reaches 8 pips in profit, trailing the profit as the price moves in favor.
#### Moving to the Next Grid Level ie next range (Martingale System): - If the open trade is losing and the price moves to the next grid level, a new trade will open using a martingale system. - Only the first trade in the new grid will utilize martingale; subsequent trades will follow the scaling system. - Martingale involves doubling the position size after a loss to recover losses more quickly. - Take profit remains at the fixed distance (e.g., 10 pips) from the entry price.
- Trailing profit of 3 pips is activated once the trade reaches 8 pips in profit, trailing the profit as the price moves in favor.
News filter : No trading on major news announcements ( this can have filter to 1 hour before and after ) up to no trading on that day
####Optimization : basically as this trading system has so many different settings for MACD , VWAP, RSI , moving averages, Bollinger bands , volume oscillators and ATR, it needs extensive back testing and optimization to provide the best set of setting for each currency pairs ( Ideally this need to be an automated optimization using AI and machine learning , I DO NOT WANT AI AND MACHINE LEARNING FOR PREDICTING THE MARKET )
### Summary: The trading program integrates VWAP with various technical indicators for entry signals on a 5 minute chart. Trading ranges based on ATR adjust dynamically to market volatility. Scaling and martingale systems are employed to manage trades within and between grid levels( RANGES ), optimizing trade management and risk control. Trailing profit ensures that profitable trades capture additional gains as the price moves in favor, maximizing profit potential while minimizing risk.