The strategy uses multiple timeframes viz 4Hour and 15Minutes. The
strategy gives a buy order if 1. In 4 Hour Chart, the high of the
last
5 candles is less than price. 2. In 15 Minutes Chart, Stochastics
slow
K of stochastics is less than 50 and slowk crosses slowd upward. The
strategy gives sell order if the opposite conditions holds true.
Also,
momentum should be above 0 for a trade to execute.
Indicators used is stochastics, Momentum and Historical Candles.
Currency pair =
EURGBP, Trade amount = 5/10 lots, Take profit = 10/12, Stop Loss =
10/9.