Forex Day Trading Strategy Development

entry condition buy
1. if previous candle (1 hour default/ input) if bullish then buy at opening price .
2. previous candle (1 hour default) Mark High , Low , Middle
If candle close above middle then buy otherwise skip trade

3 Max load per 0.01 lot = 1.45$ (input and default)
If expected max stop loss is greater than this , then skip trade

entry condition sell

1. if previous candle (1 hour default) if bearish then sell at opening price .
2. previous candle (1 hour default) Mark High , Low , Middle
If candle close below middle then buy otherwise skip trade
3. Max load per 0.01 lot = 1.45$ (input and default)
If expected max stop loss is greater than this , then skip trade
Stop Loss(For buy)
previous candle (1 hour default) Mark High , Low , Middle
Low = Stop loss
Max load per 0.01 lot = 1.45$ (input and default)
If expected max stop loss is greater than this , then skip trade

Take Profit(For buy)
previous candle (1 hour default) Mark High , Low , Middle
TP1 = 1:1 (TP:SL) (50%Qty)
TP 2 = 1.5 : 1 (TP:SL) (50%QTY)


Trade only in between
London Session = True(Input and default)
NY Session = True(Input and default)
Asian Session = False(Input and default)
Tokyo Session = False (Input and default)


Position Sizing
Qty = 0.02 lot (default / input)