New script in FXApps: [Strategy] CAW strategy

Posted By Admin Thursday, October 16, 2014
Add to Favorites0
Author Message
Admin
 Posted Thursday, October 16, 2014
Administrator

Administrator - (158,878 reputation)

Group: Administrators
Last Active: Thursday, July 12, 2018
Posts: 548, Visits: 3,302
CAW strategy

http://va112.sysfx.com:8080/images/products/large/CAW_str.png

CAW strategy is an indicator based trading system.

  • Moving Average (Smoothed, 90, Close);
  • Commodity Channel Index (12, Typical);
  • Average True Range (14, Close);
  • Williams’ Percent Range (11);
The strategy opens a Sell position if:
  • Current price is above the Moving Average indicator
  • Commodity Channel Index is below the -100 level
  • Average True Range is below the -85 level
  • Williams’ Percent Range value is more than 0.002
The strategy opens a Buy position if:
  • Current price is below the Moving Average indicator
  • Commodity Channel Index is above the 100 level
  • Average True Range is above the -15 level
  • Williams’ Percent Range value is more than 0.002
NOTE: Positions open only on the new candle if all conditions are met. Risk management is represented by the following configurable parameters:
  • Number of positions that can be opened by the strategy simultaneously is regulated by the parameter «Maximum number of opened position» (default = 2).
  • Stop and Limit orders on open positions.
  • There is an alternative way of closing positions. The «Close Positions By Opposite Signal» setting allows closing an open position when a new signal in the opposite direction is generated (enabled by default).
  • Trailing Stop - an optional feature that allows you to reduce the risks (enabled by default).
It is recommended using the strategy on the most popular forex instruments: EURUSD/GBPUSD/USDCHF
The strategy is timeframe independent but it is recommended using the timeframe from 5 min to 1 hour



Best regards

-ACTFX© Forum Administrator

Similar Topics

Expand / Collapse

Reading This Topic

Expand / Collapse

Back To Top