## Supported chart configuration
This strategy was developed and evaluated using the following configuration:
• Symbol: USDJPY
• Time frame: 15 minutes (M15)
• Chart type: Standard candlestick
• Reference market data: OANDA
The strategy validates the supported symbol and time frame before it becomes active.
For the intended behavior and results evaluated, it should be used on a standard USDJPY M15 candlestick chart.
Although development and evaluation are conducted using OANDA market data, the strategy is generally expected to perform consistently with USDJPY data from other providers.
## Position management
The strategy is designed to maintain a single directional market position.
If a buy entry alert is generated while the sell position is still open, close the sell position before opening the buy position.
Likewise, if a sell entry alert is generated while the buy position is still open, close the buy position before opening the sell position.
When using an Expert Advisor or other compatible execution solution, it is recommended to enable Close on Reversal so that corresponding positions are automatically closed before opening a new position.
## Risk management
Trade management is handled internally using a proprietary rules-based framework.
Buy Exit and Sell Exit alerts are protective exit signals that indicate the current position will be closed.
These alerts are only intended to close an existing position and are not entry signals to open a new trade.
Position size can be adjusted through TradingView settings.
## TradingView alerts
The strategy supports TradingView alerts for both manual trading and automated execution.
Depending on the current strategy status, alerts may include:
• Buy entry
• Sell entry
• Buy out
• Exit sale
• Periodic updates of the status of the unfulfilled position while the position remains active.
Entry alerts indicate opportunities to open new positions.
Exit alerts indicate that the current position should be closed.
Periodic position status updates provide ongoing information about the unrealized gain or loss of the current open position, allowing users to stay informed without constantly monitoring the chart.
## Workflow
1. Open the M15 USDJPY standard candlestick chart.
2. Apply the strategy to the chart.
3. Configure the desired position size.
4. Create the required TradingView alerts.
5. If using Expert Advisor or any other compatible implementation solution, enable Close on Reverse and ensure that the implementation solution is configured according to the recommended setting.
6. Follow buy entry and sell entry alerts to open new positions. If the opposite position is already open, close it before opening the new position.
7. Follow buy exit and sell exit alerts to close existing positions.
8. Review periodic updates of the position’s unrealized status while the position remains active.
##Additional notes
The strategy is designed to work with minimal external configuration.
For normal operation, users only need:
• Use the approved schema configuration.
• Configure the desired position size.
• Create required TradingView alerts.
• Follow the alerts generated according to the workflow described above.
If an Expert Advisor or other automated execution solution is used, it is necessary to follow the recommended execution setup. Execution settings greatly influence trading behavior, and incorrect configuration may cause executed trades to differ significantly from the evaluated behavior of the strategy on TradingView.
This tutorial explains how to use the strategy and does not reveal implementation details, proprietary calculations, internal decision rules, or strategy logic.
