(Trading Logic. Where and how strategy trades.
Its uses past 4 candles to make logical trades.Upon satisfying the
the
condition =>if(close1>open1 & close 2>open 2 & close3>close3 &
close4>copen4 & close4>open0 ) =>then buy equal or more than 5
million
EUR/USD with 7 pips take profits and stoploss 999. else sell equal or
more than 5 million EUR/USD with 7 pips take profits and stoploss
999.)
(Description of patterns that i am trading.
Candles has been used to identified short term trend.4 past candles
are used to look up recent trend and trigger buy or sell according to
trend.)
(Description of indicators
Currently not using any indicators but in future i can add indicators
to improve strategy.)
(Time frames
This strategy is designed for intraday trading and that's why 10min
time frame has been chosen.)
(currency pairs
EURO AND USD are two currencies which are traded globally with high
volumes and very popular among many trader, thus chosen it.)
(Take Profits and Stoploss
Range of pips is very small in 10 minutes time frame and that's why
Take profits of 7 pips has been settled in this strategy.
Basically this strategy used trend to find possible orders and in my
experience trend is like friend and all traders trade with trend and
generally not put stoploss,so chosen 999 sl(can be 0 also) )
(Other settings
Not other setting has been put in this strategy but can be update in
future.)