USDJPY OSMA Impulse

USDJPY OSMA Impulse USDJPY OSMA Impulse USDJPY OSMA Impulse
TimeFrame: H1
Profit factor 1.60
Instrument: Forex
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The UJ_H1_170100007_S_OD_CF_SQX is an algorithmic trading strategy for MetaTrader, tested on USDJPY using the H1 timeframe from April 1, 2004, to April 24, 2024. Key details are:

Parameters
MagicNumber: 170100007
Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed
Daily Exit: Disabled
Friday Exit: Enabled at 20:00
Max Trades/Day: No limit
Stop Loss (SL) and Profit Target (PT): Min SL: 15, Max SL: 100, Min PT: 30, Max PT: 500 ticks/pips

Entry Signals
Long Entry: Triggered when the OSMA changes direction downwards and the close is below the upper Bollinger Band (10, 2.1).
Short Entry: Triggered when the OSMA changes direction upwards and the close is above the lower Bollinger Band (10, 2.1).

Entry Rules
Long Entry: Opens long orders at the daily open price with a SL of 6.3 * ATR(17) and a profit target of 245 pips, moving SL to break-even at 25 pips, valid for 12 bars.
Short Entry: Opens short orders at the daily open price with a SL of 6.3 * ATR(17) and a profit target of 245 pips, moving SL to break-even at 25 pips, valid for 12 bars.

Exit Rules
Long Exit: Closes full position if market is long and no LongEntrySignal is active.
Short Exit: Closes full position if market is short and no ShortEntrySignal is active.

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