Hello, fellow community members. This is a very simple strategy that
looks for a crossover of 5 periods EMA applied to closing price over
7
periods EMA applied to closing price. One other filter that I have
added to filter out noise is 34 EMA applied to closing price. When
the
price is trading above 34 EMA and the 5 period EMA crosses the 7
period EMA from below to upside, a buy is placed at the market on the
closing of the candle. if the number of open positions is 0. And if
the price is trading below 34 EMA and the 5 period EMA crosses the 7
period EMA from above to the below side then a sell is placed at the
market on the closing of the candle if the number of positions opened
is 0. The trading time frame is 5 minutes, the currency pair is
EURUSD, amount to trade is 5 million, stop loss is 300 pips and take
profit is 10 pips.