This strategy is trying to catch a trend and enters in a position on
pullbacks. The direction of the trend is determined on the basis of
the exponential moving average (EMA) and expected depth of the
pullback on the Stochastic indicator. To determine the trend I choose
the EMA indicator because it smoothes the price movement, eliminates
local fluctuations and places greatest weight on the most recent data.
The stochastic indicator is a momentum oscillator which shows
overbought (values above 80)…