This post contains latest version of strategy within all recent updates (Oct 04, Oct 12, Oct 14).
Please, see history of changes below.
The strategy is based on the Volty Channel Stop indicator:
viewtopic.php?f=17&t=893
The strategy sells when indicator switches up and buys when indicator switches down. The position is closed when indicator switches or when prices breaks the indicator line (i.e. indicator-based stop).
The strategy shows good result on long trends and usually loss when the indicator switches in range smaller than 3-7 bars.
The strategy works on completely closed candle, so the trade is opened or closed on the first tick of the candle, next to the bar at which signal to sell, buy or close appeared.
Download strategy:
Please also download and install Volty Channel Stop indicator indicator. The strategy will not work without it.
Note. By default, the trading is disabled. Please set "Allow Strategy to Trade" parameter to "Yes". Please do not use the strategy on live accounts unless you carefully checked and implicitly decided that the strategy meets your trading goals. Please do not forget that you are solely and fully responsible for all the trades made by the strategy exactly like for the trades executed manually.
Changes history:
Oct 14, 2010
1) Incorrect index fix.
Oct 12, 2010
1) New option "Exit from position on non-confirmed signals" in the "Trading" section.
2) New section "Method and Schedule" in parameters.
Oct 04, 2010
1) Recurrent sound parameter for the signal is added
2) The moving average can be used to confirm the signal (see "Confirmation Parameters" section). By default the option is switched off.
3) The strategy does not enter twice in the same direction even in case the position exists at the moment of strategy start or when opposite signal appeared but was not confirmed.
4) The checking of the parameters is improved.
5) The strategy is written for (and, therefore requires) Autotrading patch installed.
Sep 22, 2010.
1) Fix the problem with double sell buy due to incorrect interpretation of the indicator.
2) Non-US clients now can specify limit and stop orders.
Please, do not hesitate to discuss any improvements this strategy right here.
The Strategy was revised and updated on January 19, 2019.