Open trading account 
Since many people have inquired me about my newest strategy that I've started running in the Strategy Contest since last month I thought it's best to write an in depth article that can be useful especially for guys who are still beginners with Visual JForex and secondly it will be useful for those who want to understand better the ins and outs of my strategy and answer question like why I choose to run the strategy only between some specifics hours and not let it run without interruption.Since I'm an advocate of keeping things simple as possible, building up my strategy it will be quite easy even for a novice. But don't worry this article will guide you step by step on how to build up the strategy. The process of creating a strategy is what Dukascopy likes to see, so that was the main reason why I've decided to write this article.
By now I'm sure you must be intrigued by the article title, you may think it sound to good to be true, however the backtesting results show this strategy has generate in excess of $0.8M profits since beginning of the year. It has posted profitable month after profitable month with just one exception, the month of February, when the strategy lost money.
- 20&200EMA Short Term Trend Trading Strategy
The main concept for this system is incredibly simple yet unbelievably effective and even if you don't have any programming knowledge, you should be fine by simple following the step-by-step guide from this article.
Lets proceed first by giving a short summary of our strategy:
- Currency Pair: EUR/USD;
- Time Frame: 5 Minutes;
- Indicators: 20 EMA and 200 EMA;
- Static SL and TP level: SL=160 pips; TP=6 pips;
- Trading Rules:
- Strategy only trades between 6:00 GMT and 18:00 GMT.
- Buy Stop order: The strategy will trigger a buy order if CurrentTime is between 6:00-18:00 GMT and if current price is above both the 20EMA and 200 EMA and if there is no other position open, the strategy will initiate a buy order.
- Sell Stop order: The strategy will trigger a sell order if CurrentTime is between 6:00-18:00 GMT and if current price is below both the 20EMA and 200 EMA and if there is no other position open, the strategy will initiate a sell order.
If you're interested to read more please follow the link and read my entire article, where you can learn more about my strategy: Visual JForex Strategy $0.8 Million Profits
Best Regards,
Daytrader21
