The strategy uses the following indicators;- SMMA-Low (Period =
15mins,
applied price = Low Price ,Time Period = 14, Shift = 1), SMMA -High
(period = 15 mins, applied price = High Price ,Time Period = 14,
Shift
= 1) and Momentum (period = 15 mins, Time Period = 12, shift =1);
The strategy generates a buy signal when the Tick bid price and high
price of last candle is greater SMMA-High, low price of last candle
is less than SMMA-High and momentum value is greater than 0. The
sell signal is generated when the opposite condition prevails.
Trade amount = 10 lots, Take profit = 12 pips, stop loss = 10 pips.
The strategy also close any open open position when momentum value
equals 0.