Description
The Trend Following Strategy is designed to capitalize on potential trends of the USDJPY in the forex market. This versatile trading robot combines technical analysis indicators, including the Relative Strength Index (RSI), Moving Averages (MA), and Parabolic SAR (Stop and Reverse), with precise risk management techniques to achieve consistent trading results.
Risk Management: Percentage-Based Position Sizing
To manage risk effectively, the algorithm calculates the trade quantity as a percentage (configurable by the user) of the account balance. This ensures that the size of each trade is directly proportional to the trader's account size, allowing for dynamic adaptation to risk tolerance.
Defaults:
- Take Profit: 270 pips
- Stop Loss: 150 pips
- Risk Percentage: 1.3
THE STRATEGY IS ADAPTED TO THE USDJPY DAILY CANDLES
3 YEAR (JAN 2021 - SEP 2023) RETURN 1300%+
Contact: WhatsApp
Email: pierrekungu.trading@gmail.com
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// // The author hid the code of this algorithm
peter_kungu
Joined 01.06.2023
- Type: Paid
- Language: C#
- Trading Platform: cTrader Automate
- Filename: USDJPY 1D Trend Following.algo
- Rating: 5
- Installs: 0
