1. Trading logic : In this strategy I am using bullish engufling
pattern for buy and bearish engufling patern on 5 minute chart to
generate trade.
There is condition that price need to be above B.Band 15 minutes
middle line for sell trade and above middle line for sell trade.
I do not trade on Monday.
2. In this strategy I only use Boolinger Band indicator as oscialtor.
All other conditions are based on price action.
3. IF price is above Monday high, below middle line on B.Band
indicator and creates bullish engufling pattern on 5 minute than I
will make buy order with 70 pips stop loss and 49 pips target.
IF price is below Monday low, above middle line on 15min chart
B.Band
indicator and creates bearish engufling pattern on 5 minute than I
will make sell order with 70 pips stop loss and 49 pips target.In all
other cases Ea will buy or sell with stop loss 42, target 10 pips.
4. I have simple trade volume rule.For each $25000 Ea trades 1 lot.
For example if I have $100000 Ea trades 4 lots, $125000 Ea trades 5
lots etc.