Open trading account 
This strategy is trying to catch a trend and enters in a position on
pullbacks. The direction of the trend is determined on the basis of
the exponential moving average (EMA) and expected depth of the
pullback on the Stochastic indicator. To determine the trend I choose
the EMA indicator because it smoothes the price movement, eliminates
local fluctuations and places greatest weight on the most recent data.
The stochastic indicator is a momentum oscillator which shows
overbought (values above 80) and oversold areas (values below 20).
When the trend is going up (EMA is going up) the strategy buys in a
oversold areas and when the trend is going down it sells in overbought
areas. I was testing different settings and statistically I find that
in the one month period time to open more than 1-0 position (about
120-150) 5 minutes timeframe is the best choose. Further test shows
that EMA 100, Stochastic 5,3,3 gives nice results. Of course it
depends on the liquidity and market conditions. Max SL is 50 pips and
TP 60 pips but the strategy leads opened position according to
Stochastic and closing it earlier when Stochastic indicator reaches
overbought (for longs) or oversold (for shorts) areas. The strategy is
using a constant trade volume 4M.
pullbacks. The direction of the trend is determined on the basis of
the exponential moving average (EMA) and expected depth of the
pullback on the Stochastic indicator. To determine the trend I choose
the EMA indicator because it smoothes the price movement, eliminates
local fluctuations and places greatest weight on the most recent data.
The stochastic indicator is a momentum oscillator which shows
overbought (values above 80) and oversold areas (values below 20).
When the trend is going up (EMA is going up) the strategy buys in a
oversold areas and when the trend is going down it sells in overbought
areas. I was testing different settings and statistically I find that
in the one month period time to open more than 1-0 position (about
120-150) 5 minutes timeframe is the best choose. Further test shows
that EMA 100, Stochastic 5,3,3 gives nice results. Of course it
depends on the liquidity and market conditions. Max SL is 50 pips and
TP 60 pips but the strategy leads opened position according to
Stochastic and closing it earlier when Stochastic indicator reaches
overbought (for longs) or oversold (for shorts) areas. The strategy is
using a constant trade volume 4M.