HA_MFI_WPR

Logic

Opening (Entry Signal)

Open a new long position or add to an existing one at the Heiken Ashi* Low when all the following logic conditions are satisfied:

the Money Flow Index* rises; and

the Williams’ Percent Range* (Exponential, 121, 121) changes its direction downward.

Open a new short position or add to an existing one at the Heiken Ashi* High when all the following logic conditions are satisfied:

the Money Flow Index* falls; and

the Williams’ Percent Range* (Exponential, 121, 121) changes its direction upward.

Closing (Exit Signal)

Close an existing long position at the end of the day.

Close an existing short position at the end of the day.

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:

No modification of the present position is allowed. Cancel any additional orders which are in the opposite direction.

Trading Size

Always trade a constant number of lots.

Opening of a new position – 1 lot.

Adding to a position – 1 lot. Do not open more than 20 lots.

Permanent Protection

The strategy does not provide a permanent loss limitation.

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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.


Environment

Market

Symbol

– EURUSD

Time frame

– 1 Minute

Account

Initial account

– 10000,00 USD

Lot size

– 10000

Leverage

– 1/100

Required margin

– 100,00 USD* for each open lot

Charges

Spread

– 2 pips

(2,00 USD*)

Swap number for a long position rollover

– 1 pips

(1,00 USD*)

Swap number for a short position rollover

– -1 pips

(1,00 USD*)

Commission per lot at opening and closing

– 0 pips

(0,00 USD*)

Slippage

– 0 pips

(0,00 USD*)

————–
* This value may vary!


Strategy Properties

Handling of Additional Entry Signals

Next same direction signal behavior – Adds to the position
Next opposite direction signal behavior – Does nothing

Trading Size

Maximum number of open lots

– 20

Number of entry lots for a new position

– 1

In case of addition – number of lots to add

– 1

In case of reduction – number of lots to close

– 1

Permanent Protection

Permanent Stop Loss – None


Indicator Slots

The slots show the logic for the long positions only.

Strategy Properties

Same direction signal

– Add

Opposite direction signal

– Nothing

Permanent Stop Loss

– None

Opening Point of the Position

Heiken Ashi

Enter long at the H.A. Low

Base price

– High, Low, Open, Close

Use previous bar value

– Yes

Opening Logic Condition

Money Flow Index

The MFI rises

Level

– 50

Use previous bar value

– Yes

Opening Logic Condition

Williams’ Percent Range

The %R changes its direction downward

Smoothing method

– Exponential

Period of %R

– 121

Smoothing period

– 121

Level

– -20

Use previous bar value

– Yes

Closing Point of the Position

Day Closing

Exit the market at the end of the day

Base price

– Close


Statistic Information


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