EURNZDTrend:
A strategy based on BBands and SMA50 and SMA10. TimeFrame:4hours.
1. Trend: When difference between last candle close and sma50 is
above
0.0120 and SMA10 is lower than last tick, middleband is greater than
the sma50 and the gap between
upperband
and middle band is more than 70 pips then buy position is opened.
When
difference between last candle close and sma50 is
below
-0.0120 and SMA10 is greater than last tick, middleband is lower than
the sma50 and the gap between
upperband
and middle band is more than 70 pips then sell position is opened
2. Rangebound: When difference between SMA50 and last candle close is
in between 0.0100 and -0.0100 and the price is near upperband then a
sell position is opened. If the price is near lower band a buy
position is opened.
All positions are closed at 21:15 terminal time to avoid any swaps.
New positions are opened if the time is less than 21:00 terminal
time.