EURGBP and EURUSD strategy 5mins

Strategy seems to work well on EURGBP and EURUSD 5 mins. Haven’t tested it on other markets.

Any suggestions to improve the strategy would be appreciated.

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

//20 bar restriction saying a new trade cant be entered into until x bars have passed since a long or short position was exited. The no of bars is defined as the number in the quote "BarCount > ____".
ONCE BarCount = 0
ONCE TradeON  = 1           //1=trading allowed     0=trading disbaled
IF LongOnMarket OR ShortOnMarket AND Not LongOnMarket[1] AND Not ShortOnMarket[1] THEN
TradeON  = 0             //disable trading
BarCount = 0             //reset counter
ENDIF
IF Not LongOnMarket And Not ShortOnMarket THEN    //Increase counter when not on market
BarCount = BarCount + 1
ENDIF
IF BarCount > 1 THEN
TradeON = 1
ENDIF

// Conditions to enter long positions
c1 = (open > close)

IF c1 AND TradeON THEN
BUY 1 SHARES AT MARKET
ENDIF

// Conditions to exit long positions
c2 = (open < close)

IF c2 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
c3 = (open < close)

IF c3 AND TradeOn THEN
SELLSHORT 1 SHARES AT MARKET
ENDIF

// Conditions to exit short positions
c4 = (open > close)

IF c4 THEN
EXITSHORT AT MARKET
ENDIF

equitycurve-1590013916lp8c4.png