StudioGain
- Experts
- Lungile Mpofu
- Version: 1.0
Description
Fully automated robot for trading the EURUSD pair on D1 timeframe.
Logic
Opening (Entry Signal)
Open a new long position or add to an existing position or reduce a short position at Lower Band of Steady Bands* (Weighted, Typical, 60, 437) when the following logic condition is satisfied:
- the price is higher than the Parabolic SAR (0.24, 1.07, 5.11).
Open a new short position or add to an existing position or reduce a long position at Upper Band of Steady Bands* (Weighted, Typical, 60, 437) when the following logic condition is satisfied:
- the price is lower than the Parabolic SAR (0.24, 1.07, 5.11).
Closing (Exit Signal)
Close an existing long position at Upper Band of Envelopes* (Weighted, Weighted, 38, 18.29).
Close an existing short position at Lower Band of Envelopes* (Weighted, Weighted, 38, 18.29).
Handling of Additional Entry Signals**
Entry signal in the direction of the present position:
- Add to the position no matter if it is at a profit or loss. Do not exceed the maximum allowed number of lots to open.
Entry signal in the opposite direction:
- Reduce the present position. If its amount is lower than or equal to the specified reducing lots, close it.
Trading Size
Trade percent of your account.
- Opening of a new position - 0.1% of the account equity.
- Adding to a position - 0.1% of the account equity. Do not open more than 1 lot.
- Reducing a position - 0.1% of the account equity.
Protection
The strategy does not provide a permanent loss limitation.
The strategy does not use a Take Profit.
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* Use the indicator value from the previous bar for all asterisk-marked indicators!
** The averaging rules apply to the entry signals only. Exit signals close a position. They cannot open, add or reduce one.
Strategy Properties
Handling of Additional Entry Signals
Next same direction signal behavior - Adds to the position
Next opposite direction signal behavior - Reduces the position
Trading Size
Trade percent of your account. The percentage values show the part of the account equity used to cover the required margin.
| Maximum number of open lots | - 1 |
| Number of entry lots for a new position | - 0.1% of the account equity |
| In case of addition - number of lots to add | - 0.1% of the account equity |
| In case of reduction - number of lots to close | - 0.1% of the account equity |
Protection
| Stop Loss | - 0 by default |
| Take Profit | - 0 by default |
| Break Even | - 0 by default |
