"AforAyushs" Strategy is based on the concept of Exponential moving
average & Stochastic Oscillator. It trade on the currency pair GBP/JPY
on 15M time frame. There are three indicators used which are
Exponential moving average(34), Stochastic Oscillator(5,3,3) & Candle
Doji pattern(Shift-1).
(1).For a Short Position:- If Last bid candle open & close below the
Ema34 & it closes in the range of 34pips & Last bid candle is not a
doji candle & stochastic is overbought or above 80 than strategy will
open a short position.
-Closing of Short Position- when stochastic value is below 40 strategy
will close the short position.
(2).For a Long Position:- If Last bid candle open & close above the
Ema34 & it closes in the range of 34pips & Last bid candle is not a
doji candle & stochastic is overbought or below 20 than strategy will
open a Long position.
-Closing of Long Position- when stochastic value is above 60 strategy
will close the Long position.
To keep the trade in profit, the strategy changes the stoploss to 0 if
there is more than 21 pips profit.