APlus - Multicurrency Strategy based on same principle. If the last
bid candle is more than 5 pips long then entry would be considered
otherwise default instrument would be changed. A total of 28 currency
pairs involving AUD EUR GBP NZD USD CAD CHF JPY are in play. Time
Period 15 mins. Indicators DEMA(200), Bbands(20, 2, 2 DEMA), RSI(14).
If Last bid Candle closes above CandleOpen, DEMA(200), Middleband
and last tick is below
Middleband and RSI(14) below 50 Long position will be opened. For
Short
position Candle closes below CandleOpen, DEMA(200), Middleband and
last tick above
Middleband and
RSI(14) above 50. Trading happens Everyday prior to 20:00 GMT. After
that any trades open will be closed if in profit 5 pips or more. SL
16
TP 496. If trade goes below -5 pips TP is set to 6 pips. If trade
goes
above 36 pips SL set to -32. If the
long trade hits upper band of Bbands(20) it is closed. Or if
Middleband goes below DEMA(200) its closed provided profit is more
than 5 pips. Similarly if
Short trade hits the lower band of Bbands(20) it is closed. Or if
Middleband goes above DEMA(200) with Profit 5 pips or more trade is
closed.