TrendScalping_EMA_5minutes

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
Version: Date: Status: Description:
2 31.05.2015 Not running TrendScalping_EMA_5minutes  Download
1 30.04.2015 Executed TrendScalping_EMA_5minutes  Download
AdamFx42 avatar
AdamFx42 22 May

Great strategy - like it :-),  gl!

Daytrader21 avatar

AdamFx42 Thanks. Actually this is the first strategy that have made me money in the contest :) and has some very promising past records.

Daytrader21 avatar

For those who are interested I wrote an extensive article about my strategy, see link attached.

Daytrader21 avatar

It seems I can't post any links so for those who are interested to find more, please go to Article Contest page (Jun 2015) and find my article. Thanks

Illya avatar
Illya 15 Nov.

Good performance Stelu!

FreeLancer avatar
FreeLancer 24 Nov.

Hi daytrader21, i am realy thinking i will try your strategy with real money, what is your advice?
To execute the strategy during the European section or the Asian section?? Or avoid any day in particular?
Thanks for the info.

Daytrader21 avatar

FreeLancer The strategy was designed only to execute trades during the London and NY sessions. But the most important thing is the fact that this strategy only works when we have a strong trend put in place otherwise it will fail. In a ranging market it will lose you money. I hope it helps. 

FreeLancer avatar
FreeLancer 28 Nov.

I see that, the euro has change directions (few pips) and you had a havy loss, thanks for the information.

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