Up Buy Down Sell

This strategy creates buy or sell order at the 4 hours candles peaks (up buy, down sell) with limit and stop.

$200.00

This strategy creates buy or sell order at the 4 hours candles peaks (up buy, down sell) with limit and stop.

Product Description

This strategy creates buy or sell order at the 4 hours candles peaks (up buy, down sell) with limit and stop.

Close Opposite: 1 Yes =
IF this is set to “1”
AND a Buy Position is open already,
AND a Sell is signaled to open,
THEN the Buy will close.

IF this is set to “1”
AND a Sell Position is open already,
AND a Buy is signaled to open,
THEN the Sell will close.

This control sometimes closes positions before the Stop or Limit is reached.

IF this is set to “0”
THEN it is turned off, and no positions will close when the
opposite is signaled to open.

Consecutive Periods =
IF this is set to “4”
AND 4 long (close price is up) closes occur in a row,
THEN a position will open.

IF this is set to “4”
AND 4 short (close price is down) closes occur in a row,
THEN a position will open.

The direction of the open position, Buy or Sell, will depend on the “Switch” setting.

Switch: 0 or 1 =
IF this is set to “0”
AND a long position is signaled to open
THEN the position will be a Buy.

IF this is set to “0”
AND a short position is signaled to open
THEN the position will be a Sell.

IF this is set to “1”
AND a long position is signaled to open
THEN the position will be a Sell rather than a Buy.

IF this is set to “1”
AND a short position is signaled to open
THEN the position will be a Buy rather than a Sell.

Max # Pos Regular =
This is the maximum number of long (Buy) or short (Sell)
signals that will actually open a trade at the same time. Each of
these openings will have the number of positions as
controlled by the “Amount” setting and the “Martingale” group of settings.
IF this is set to 3
AND 2 Buy trades are open already
AND a signal to Buy occurs
THEN the Strategy will open the third Buy trade
BUT it will not open any additional Buy positions until after at
least 1 of the open Buy trades closes.
IF this is set to 3
AND 2 Sell trades are open already
AND a signal to Sell occurs
THEN the Strategy will open the third Sell trade
BUT it will not open any additional Sell positions until after at
least 1 of the open Sell trades closes.

Martingale (sort of) =
This is a method for multiplying the number of new positions that
will open upon a signal, times the Martingale setting.
The number of new positions that will open is controlled also by the “Amount” setting
and the “Switch Martingale: 0, 1” setting and the “Max # Pos Martingale” and the most recent account Equity change.

IF this setting is set at “2”
AND Amount is set at “1”
AND Amount has not been changed by an internal Strategy operation
AND Amount is less than Max # Pos Martingale
AND the most recent account Equity change was a decrease
AND “Switch Martingale: 0, 1” is set at “1”
THEN the next opening position Amount will be “2.”

IF this setting is set at “2”
AND Amount is set at “1”
BUT Amount has been changed to “2” by an internal Strategy operation
AND Amount is less than “Max # Pos Martingale”
AND the most recent account Equity change was a decrease
AND “Switch Martingale: 0, 1” is set at “1”
THEN the next opening position Amount will be “4.”

IF this setting is set at “2”
AND Amount is set at “1”
AND Amount has not been changed by an internal Strategy operation
AND Amount is less than Max # Pos Martingale
AND the most recent account Equity change was an increase
AND “Switch Martingale: 0, 1” is set at “1”
THEN the next opening position Amount will be “1.”

IF this setting is set at “2”
AND Amount is set at “1”
BUT Amount has been changed to “2” by an internal Strategy operation
AND Amount is less than “Max # Pos Martingale”
AND the most recent account Equity change was an increase
AND “Switch Martingale: 0, 1” is set at “1”
THEN the next opening position Amount will be “1.”

Switch Martingale: 0, 1 =

IF this setting is set to “1”
AND the most recent account Equity change was a decrease
AND Amount is less than “Max # Pos Martingale”
THEN the current Amount is multiplied by “Martingale (sort of).”

IF this setting is set to “1”
AND the most recent account Equity change was an increase
THEN the current Amount is set to the original Amount.

IF this setting is set to “0”
AND the most recent account Equity change was an increase
AND Amount is less than “Max # Pos Martingale”
THEN the current Amount is multiplied by “Martingale (sort of).”

IF this setting is set to “0”
AND the most recent account Equity change was a decrease
THEN the current Amount is set to the original Amount.

Max # Pos Martingale = This setting reacts on Buy and Sell positions individually.
IF the total current number of open Buy positions is less than this setting
THEN more Buy positions can be opened.

IF the total current number of open Sell positions is less than this setting
THEN more Sell positions can be opened.

IF the total current number of open Buy positions equals or exceeds this setting
THEN no additional Buy positions will be opened.

IF the total current number of open Sell positions equals or exceeds this setting
THEN no additional Sell positions will be opened.

Amount = This setting is the original and base number of positions that will open any time a signal to open a position occurs.

This setting is adjusted internally by the Martingale group of settings.