Spezifikation
1 minute scalping trading strategy:
1 minute chart
Moving average 1000
Stochastic oscillator 14 3 3, 80 / 20
When the price is above MA 1000 stochastic needs to be oversold to enter a position that is long.
When the price is below MA 1000 on M1 chart, stochastic needs to be overbought for searching short position.
Entry position is when 1 minute candle closes with stochastic indicator crossing above 20 mark.
TP for EUR/USD and USD/JPY is 10 peps, SL is 20 peps
TP for GBP/USD is 20 peps and SL is 30 peps
No more than 3 trades per pair can be opened at the same time in the same direction. Meaning max 3 short and max 3 long trades can be opened simulateneously.
Difference between opening positions must be 10 peps. So if bot has one short position, for it to open another short position, price needs to go up 10 peps before another
short entry. Also, if bot has opened one long position, price has to fall 10 peps, before oppening another long position.The same does not apply if price is in the
direction of a trend. Meaning, if bot opens short price, another short price can be opened when conditions of overbought stochastic are met.
Time of bot trading:
Bot trades from 6 AM London time until 20PM London time
Example is given below
Feel free to ask questions if there are any
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