A One-Minute Forex Spike Strategy with Bar-Size Tiers
Summary
The document describes an expert advisor intended to trade unusually large one-minute forex bars. It is presented for EUR/USD, with the author mentioning NZD/USD and AUD/USD as markets where they had also seen success. The EA compares the current bar’s size with four configurable thresholds. When a threshold is exceeded, its associated multiplier adjusts the risk percentage used to calculate position size relative to account balance and the current bid or ask.
The system can place market orders or pending buy-stop and sell-stop orders, which have a default expiration of ten minutes that can be changed. The author cautions against using it on a live account and acknowledges that it currently submits too many orders. No backtest, performance statistics, or detailed exit logic is provided, so the reported success is anecdotal and the strategy’s risk and profitability cannot be assessed from this description alone.
Key ideas
- The EA uses the size of the current one-minute bar to detect price spikes.
- Four configurable thresholds determine which risk multiplier is applied.
- Position size is adjusted using a risk percentage and the current bid or ask.
- Optional pending stop orders expire after a configurable period, defaulting to ten minutes.
- The author warns against live use and reports excessive order submissions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.