This strategy is based in two well-known indicators, only! Witch are
the Moving Averages (3 simple moving averages: 16; 17 and 18) and the
Bollinger Bands (10). This strategy negociates only the EURUSD pair.
And i use it in a time frame of 1 minute period. For the orders are
placed to the market, this system analyzes and sets off a series of
routines: First, it verifies if there are open orders placed on the
market, because if have any order in market, it just wait to close it
in Target Point or Stop Loss value. When it’s not, then follow
up a
whole sequence of readings and actions in parallel: a. The Open price
of the last candle is below the middle band of BB. Then, the Close
price of the same candle must be above the middle band of BB too, if
it find this conditions, then the system is gonna check the SMAs
conditions: b. First, the Close price of the last candle has to be
above than the Simple Moving Average of 16, at the same time, the bid
close price must to be lower than the SMA17 and the SMA18. If the
system finds all these conditions, then it goes into Sales positions
And these are the conditions for entry into position Sell. For the
inverse situation: c. If, The Open price of the last candle is above
the middle band of BB. Then, the Close price of same candle must be
below the middle band of BB, and if it find this conditions, then the
system is gonna check the SMAs conditions: d. First, the Close price
of the last candle has to be below than the SMA16, at the same time,
the Close price of the last candle has to be above the SMA17 and the
SMA18. If the system finds all those conditions, then it goes into
the
Purchase position And these are the conditions to place long
positions. Once placed orders in the market, these will only close
it,
when finding a 7pips (10 PIPS in case of version 3) of TP or SL of
250PIPS (175 PIPS in case of
version 2). As you can see I used a
fix volume of 5.5 lot amount to trade.