November2016 - Trading Logic - Uses DEMA(22) with shift 0, 1 and 2
called dema24, dema25 and dema26. For long positions if dema24 is
greater than equal to dema25 and dema25 is greater than equal to
dema26 and difference between the last tick bid and dema24 is less
than 2 pips then buy. For Short positions if dema24 is less than
equal
to dema25 and dema25 is less than equal to dema 26 and difference
between the last tick bid and dema24 is less than 2 pips then sell.
Currency pair GBPUSD SL 17 pips TP 799 pips Timeframe 5 mins.
After checking for the Currency Pair GBPUSD and Timeframe 5 mins the
strategy gets info on day of the week, hour, minutes, seconds and
monthdate. Not all info is used but kept ready for reference anytime.
Trading is done between 1.00 GMT to 20.00 GMT Mon to Thu and on Fri
until 18.00 GMT. Any Open trades after this time are closed.
Orders are placed according to the above explained trading logic
after the necessary calculations have been done to meet the
conditions.
For closing orders a few check points are placed. If the Profit level
crosses 19 pips then a
minimum 50 % profit is gauranteed.