TrendScalping_EMA_5minutes Description: EUR/USD - 5 minutes scalping
strategy. This strategy start running 1h ahead of London Open at
6:00GMT and is stops running after the London Close at 18:00GMT. It is
using only two main indicator 20EMA and respectively 200EMA, to filter
the trades. The 20EMA act as the fast moving averages and the 200EMA
as the slow moving average. Conditions that must be met for buy
orders: price must be above both 20EMA and 200EMA. Conditions that
must be met for sell orders: price must be below both 20EMA and
200EMA. As long as this two conditions are met the strategy will
continue buy/sell. It's using a static stop loss level of 150 pips and
a static take profit order of 6 pips. Basically the strategy tries to
always trade in the direction of the trend. It only uses few blocks as
follow: In the beginning we have 2 "If logic" blocks to define the
instrument=EUR/USD and the time frame=5M. Next block "GetTimeUnit"
which find the Current time, followed by 2 more "If logic" blocks
which instruct the strategy to open trade only between 6:00-18:00GMT.
Next block are the EMA indicator, we use 2 block for the 20&200EMA,
followed by another "IF block" which will allow to open new trade if
there is no open trades. Than in the and we have few more "IF blocks"
that instructs to open buy position only if current price is above
both the 20&200EMA and sell if current price is both below 20&200EMA