INFINITEFEB2015My strategy is designed to catch TRENDS an works with
simple indicators : ATR (average true range )
ATR used : 13 shift 1(ATR13) /2 shift 0 ( ATR2)/ 48 shift 2 (base) / 3
shift 1 (MOVE)
Time frame is 5 mn for all indicators and trades.
We are using ATR13 block and ATR2 block to open trades.
We multiply ATR13 by 1.23 , the result of calculation is ATRCALC .Then
we compare ATRCALC to ATR2 .
If ATR2 is greater than ATRCALC then we check last ask candle open and
close .If the candle is bullish then we buy , if the candle is bearish
then we sell .
The amount traded will depend of the equity if equity below
233.000usd then we trade 4 millions .If equity is above 233.000usd
then we trade 8 millions .
ATR (base) and (move) are used to adjust next entry to "price action"
if a candle have an atr greater in the short term (2) than in the long
term (48 ) it means that something is happening (climax in the trend )
, its better to close the trade to breathe 5 mn and after that a new
trade will be opened in the trend with new TakeProfit and StopLoss
(closer of the recent price action ) .
I added other calculations such as "get time unit " , it will permit
trading only if the day is not monday or friday , because during those
periods we can have considerable lag on simplemoving average and it
can causes many false signals .
GBPUSD Is the traded pair for this month , we don t need too much
volatility .
take profit is set to 15 , stop loss to 999 to let the trade open with
no close by stop loss (because we already have an exit by atr )