Sept2016

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This Strategy is based on DEMA cross over to identify direction. DEMA(22) is the faster one time period 22 and DEMA(200) is the slower one time period 200. If DEMA(22) is greater than DEMA(200) and Price falls back below DEMA(200) line a Long Order is placed. Similarly if DEMA(22) is less than DEMA(200) and if the price rises above DEMA(200) line a Short Order is placed. If this pattern is not found order is not placed. Currency Pair GBPUSD, TimeFrame 5 mins, SL 17 pips TP 499 pips. Also Minpips variable to ensure minimum number of pips if Profit levels have reached above 29 pips. GBPUSD is a fast moving pair and we can catch the trend early on a 5 mins timeframe for day trading. SL is tight and TP is wide for better risk : reward ratio. Trading Volume = Equity / 50000. First the default currency pair is identified which should be GBPUSD and the default time period is checked which should be 5 mins. Then we get all the time units MonthDate, DayoftheWeek, Hours, minutes and Seconds. Not necessarily all the info is used but its handy for future variations. Then we get all the indicators DEMA(200) shift 0. DEMA(22) with shift 0,1 and 2. RSI(14) with shift 0 and 1. It may be noted that this strategy doesn't use the RSI indicator. Trading Volume is Calculated. After all the info is gathered Strategy starts checking for the Direction of the Trend on one side and Checks the Time in GMT on the otherside. Trading Time is from 1:00 GMT on weekdays. Closing Time on Fridays is 18:00 GMT. On other days its 20:00 GMT. Any Open orders will be closed if the Trading time expires. If there are no Open Orders and the Trading time is valid then Orders would be placed based on the above explained Trading Logic and Trend direction. If the SL is not hit and Profit rises above 29 pips a variable Minpips is assigned the value of minimum pips to be taken. It is 50 percent of the maximum pips reached if its below 75 and its 80 percent of the maximum pips reached if its above 75. And if the order survives the day it will be closed when the trading session expires.
Wersja: Date: Status: Opis:
2 18.09.2016 Not running Sept2016  Pobierz
1 02.09.2016 Executed Sept2016  Pobierz
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