BB+MACDH+TP

Logic

Opening (Entry Signal)

Open a new long position or add to an existing one at the Upper Band of Bollinger Bands* (Weighted, Typical, 3, 2,01) when the following logic condition is satisfied:

the MACD Histogram* (Simple, Typical, Simple, 39, 20, 12) is higher than the Level 0.

Open a new short position or add to an existing one at the Lower Band of Bollinger Bands* (Weighted, Typical, 3, 2,01) when the following logic condition is satisfied:

the MACD Histogram* (Simple, Typical, Simple, 39, 20, 12) is lower than the Level 0.

Closing (Exit Signal)

Close an existing long position when the market rises 21 pips from the last entry price.

Close an existing short position when the market falls 21 pips from the last entry price.

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 Permanent Stop Loss limits the loss of a position to 145 pips per open lot (plus the charged spread and rollover).

————–
* 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 EUR

Lot size

– 10000

Leverage

– 1/100

Required margin

– 75,92 EUR* for each open lot

Charges

Spread

– 2 pips

(1,52 EUR*)

Swap number for a long position rollover

– 1 pips

(0,76 EUR*)

Swap number for a short position rollover

– -1 pips

(0,76 EUR*)

Commission per lot at opening and closing

– 0 pips

(0,00 EUR*)

Slippage

– 0 pips

(0,00 EUR*)

————–
* 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 -145 pips


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

– -145

Opening Point of the Position

Bollinger Bands

Enter long at the Upper Band

Smoothing method

– Weighted

Base price

– Typical

MA period

– 3

Multiplier

– 2,01

Use previous bar value

– Yes

Opening Logic Condition

MACD Histogram

The MACD histogram is higher than the Level line

Smoothing method

– Simple

Base price

– Typical

Signal line method

– Simple

Slow MA period

– 39

Fast MA period

– 20

Signal line period

– 12

Level

– 0,0000

Use previous bar value

– Yes

Closing Point of the Position

Take Profit

Exit at the Take Profit level

Take Profit

– 21


Statistic Information


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