GBPJPY Highest / Lowest System

GBPJPY Highest / Lowest System GBPJPY Highest / Lowest System GBPJPY Highest / Lowest System
TimeFrame: H1
Profit factor 1.45
Instrument: Forex
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The GJ_H1_220132119_S_HH_CF_SQ3 is an algorithmic trading strategy for MetaTrader, tested on GBPJPY using the H1 timeframe from April 1, 2004, to April 24, 2024. Key details are:

Parameters
Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed
Daily Exit: Disabled
Friday Exit: Enabled at 21:00
Signal Time Range: Not limited
Max Trades/Day: No limit
Stop Loss (SL) and Profit Target (PT): No predefined limits

Entry Signals
Long Entry: Triggered if no trade has recently closed and the Awesome Oscillator (AO) crosses 0 downwards.
Short Entry: Triggered if no trade has recently closed and the Awesome Oscillator (AO) crosses 0 upwards.

Entry Rules
Long Entry: Opens long orders at the highest close of the last 14 bars plus 1.90 times the bar range with a SL of 3.3 * ATR(22) and a profit target of 280 pips. Order is valid for 21 bars.

Short Entry: Opens short orders at the lowest close of the last 14 bars minus 1.90 times the bar range with a SL of 3.3 * ATR(22) and a profit target of 280 pips. Order is valid for 21 bars.

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