In this strategy, I'm using 2 indicators: EMA and Stochastic. I trade
EUR/JPY on 10 minutes time frame with amount trade 2M, slippage 3
pips, stop loss 9 pips, take profit 6 pips. For EMA, I'm using period
= 28 in a 10 minutes time period to know if the instrument is oversold
or overbought in shorter time period. For Stochastic, I'm using fast
%K period = 5, slow %K period = 3, slow %K MAType = SMA and slow %D
period = 3 in a 10 minutes time period to confirm what trend is going
to be in a shorter time period. Opens sell positions if last bid
candle close below EMA, Stochastic Slowd > 80 and last bid candle open
is less than last bid candle close. Opens buy positions if last bid
candle close above EMA, Stochastic Slowd < 20 and last bid candle open
is greater than last bid candle close.
I trade five pairs: GBP/JPY, GBP/NZD, GBP/AUD, GBP/CHF, GBP/CAD on 30
minutes time frame with amount trade 2M, slippage 3 pips, stop loss 15
pips, take profit 35 pips. For EMA, I'm using period = 28 in a 30
minutes time period to know if the instrument is oversold or
overbought. For Stochastic, I'm using fast %K period = 5, slow %K
period = 3, slow %K MAType = SMA and slow %D period = 3 in a 30
minutes time period to confirm what trend is going to be. Opens sell
positions if last bid candle close below EMA, Stochastic Slowd > 80
and last bid candle open is less than last bid candle close. Opens buy
positions if last bid candle close above EMA, Stochastic Slowd < 20
and last bid candle open is greater than last bid candle close