DESCRIPTION: This is a low-risk positive progression strategy that first appeared in 1965. By using this strategy, you will increase the size of your contract after each successful trade, and decrease the size of your contract after each unsuccessful trade.
RESOLUTION STEPS: The Oscar's Grind strategy aims to potentially make one unit of profit per session.
- A new session starts when the target profit is reached.
- If a losing trade is followed by a successful one, the stake increases by one unit. In every other scenario, the stake for the next trade will be the same as the previous one.
- If the stake for the next trade exceeds the gap between the target profit and current loss of the session, it adjusts to the gap size.
To use this strategy on your Bot, click “Quick strategy” and choose Oscar’s grind strategy
NOTES: You may edit the parameters accordingly and click “edit” to further check on the strategy. Otherwise, you may click “Run” to automate your trades.
FOR FURTHER INFORMATION:
Deriv community articles: https://community.deriv.com/t/quick-strategy-oscars-grind-in-dbot/38089