DAYTRADERFX


Daytraderfx strategy I created with visual jforex strategy builder to participate in strategy contest won 2nd place in the month of June 2024 and in this article, I will describe in detail the logic and why the strategy remained profitable as possible.The idea behind the strategy is to execute multiple logics and tactics trading on Eurusd and Gbpusd to make consistent profits, applying trades in trending markets and also in oversold or overbought market conditions with targeted profits/ loss or close trades at specific market ranges to minimize trade risk as trade amount continue to increase depending on current equity level.




Strategy and LOGICS
Daytraderfx executes trade long and short positions using Sma , Ema , Ichimokuvf , Macdext, Bbands , Macd, CCI , Stoch and Rsi indicator. The strategy implements multiple trading tactics with Eur usd and Gbp usd currency pairs on multiple time period and increases in trade amount depending on current equity level at specific time period,

Logic 1
Instrument Eurusd , candle period 1minutes , indicators ;300 sma , Ema 70 ,Macdext 5mins period , stochastic 5mins period.
Logic 2

Instrument Eus usd , hourly candle period , indicators used ; stochastic 1minutes , Rsi 1minutes , Macdext 5minutes .
Logic 3
Instrument Eur usd , 1minutes candle period , indicator used ; 3Bollinger band , ichimokuvf ,Macdext , sma , Ema , Cci , Rsi .




Logic 4
Instrument Eur usd , candle period 1minutes , indicators used ; stochastic , rsi , cci .
Logic 5
Instrument Eur usd , candle period 1minutes , indicators used ; cci , stochastic , rsi , ema daily period , sma daily period , Macdext daily period.


Logic 6
Instrument Eur usd , candle period 5minutes , indicators used ; cci , stochastic , rsi, Macdext daily period .

Logic 7
Instrument Eur usd , candle period 15mimutes , indicators used ; cci , stochastic , rsi , Macdext daily period.

Logic 8
Instrument Eur usd , candle period 4hourly , indicators used ; Bollinger band and Macdext.


Logic 9
Instrument Gbp usd, candle period 4hourly , indicators used ; Bollinger band and Macdext.


Have a good trading day
Cheers
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