Open trading account 
SloppyJoe_v8 is a strategy that trades EurUsd based on 5 min candle
periods. The indicators that I have used are two different SMA's -
both on a daily timeframe period - that are based on Joe DiNapoli
trading tools; they are the so-called 3x3 and 25x5 SMA indicators.
This means that the indicators are, respectively, looking at the
3-period SMA and the 25-period SMA. The SMA_3 is displaced 3 periods
forward, and the SMA_25 is displaced 5 periods into the future which
makes them leading indicators. The SMA indicators determine whether
the pair is bearish or bullish. Furthermore, I use a combination of
Stochastic and MACD indicators - on a hourly time-period - to
identify market direction. All these indicators are set up as best as
I could to
mimic the Joe Dinapoli setup (as DiNapoli traders would use them) but
they are not exactly the same as the genuine DiNapoli indicators
because these are unique and need to be purchased (hence the name
SloppyJoe - 'sloppy indicators'). The strategy trades countermarket
which means when a bullish setup is identified it will sell, and
vice-versa. I have done this because backtesting showed this to be
more profitable than following the logical setup. The strategy openes
positions long or short with a SL of 21 pips and a TP of 79 pips. The
higher the percentage of profitable trades, the better of course, and
drawdown is limited because of tight SL. It trades 4.2 or 6 miljion
per
position. The strategy will execute a trade when the price of EurUsd
(after the close of a 5 min. candle) is above or below both SMA_3
and SMA_25 and Stoch and MACD hourly both signal bullish or bearish
direction. So, in the case of a buy position, for example, the price
is below SMA_3 and SMA_25, and Stoch and MACD hourly indicators are
both signaling a bearish trend. For a sell position to be opened
everything is vice-versa. In backtesting the strategy opens between
30 and 50 trades a month.
periods. The indicators that I have used are two different SMA's -
both on a daily timeframe period - that are based on Joe DiNapoli
trading tools; they are the so-called 3x3 and 25x5 SMA indicators.
This means that the indicators are, respectively, looking at the
3-period SMA and the 25-period SMA. The SMA_3 is displaced 3 periods
forward, and the SMA_25 is displaced 5 periods into the future which
makes them leading indicators. The SMA indicators determine whether
the pair is bearish or bullish. Furthermore, I use a combination of
Stochastic and MACD indicators - on a hourly time-period - to
identify market direction. All these indicators are set up as best as
I could to
mimic the Joe Dinapoli setup (as DiNapoli traders would use them) but
they are not exactly the same as the genuine DiNapoli indicators
because these are unique and need to be purchased (hence the name
SloppyJoe - 'sloppy indicators'). The strategy trades countermarket
which means when a bullish setup is identified it will sell, and
vice-versa. I have done this because backtesting showed this to be
more profitable than following the logical setup. The strategy openes
positions long or short with a SL of 21 pips and a TP of 79 pips. The
higher the percentage of profitable trades, the better of course, and
drawdown is limited because of tight SL. It trades 4.2 or 6 miljion
per
position. The strategy will execute a trade when the price of EurUsd
(after the close of a 5 min. candle) is above or below both SMA_3
and SMA_25 and Stoch and MACD hourly both signal bullish or bearish
direction. So, in the case of a buy position, for example, the price
is below SMA_3 and SMA_25, and Stoch and MACD hourly indicators are
both signaling a bearish trend. For a sell position to be opened
everything is vice-versa. In backtesting the strategy opens between
30 and 50 trades a month.