"Emastic_New" Strategy Uses the Concept Of Exponential Moving Average
Combined With Stochastic Oscillator. The Default Ema Period Is (28) &
Default Stochastic Settings are (5,3,3) The Instrument is GBP/JPY ,
Trade Amount is 8, Slippage is 3 pips, Stop Loss is 500 pips, Take
Profit is 8 pips & Time Period is 10 minutes.
For a Short position-If Last Bid Candle Close Below Ema28 &
Stochastic
Slowd is above 80 than strategy will check the type of last bid
candle
whether it is a Buy candle(candle close should be grater than candle
open) or Sell candle(candle open should be grater than candle
close).In this case last bid candle should be a Buy candle hence a
Short position is opened.
For a Long position- If Last Bid Candle above Ema28 & Stochastic
Slowd
is below 20 than strategy will check the type of last bid candle
whether it is a Buy candle(candle close should be grater than candle
open) or Sell candle(candle open should be grater than candle
close).In this case last bid candle should be a Sell candle hence a
Long position is opened.