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 5 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 20 pips, take profit 60
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. With this five pairs, everytime when TP is
reached 20, I use trailing stop (trailling step 20 pips and stop lost
25 pips)