The strategy is based on TEMA crossover, with time periods of 10 and
50. When TEMA 10 crosses TEMA 50 from downside a buy position will be
opened and vice versa. Trade Amount is 1 million on EUR/USD. The
selected period is 5 min. The strategy uses the hourly SMA 5
for trend control and the hourly and 5 min RSI 14 indicator to check
limits for trading. The last two 5 minutes MACD (12/26/9) history
values must be over 0 for buy and under 0 for sell. Stop Loss is set
to 6 pips and Take Profit is set to 8 pips.
After every closed position with loss a new position will be opened
the opposite direction in the following mode: On first reaction the
trade Amount will be multiplied by 2.5 with SL 6 and TP 8. The second
reaction is a position with the same trade amount as the last closed
position, but with SL 18 and TP 24. The third reaction is to open
another position with trade amount 2.5 times bigger as the position
before and the same SL and TP. On forth reaction the trade amount
remains the same and SL and TP are set to 50 for SL and 67 for TP.
Every next reaction is to open a new position with trade amount 2.1
times bigger as the position before and the SL 55 and TP 74. This
goes on until a position is closed on TP.
The strategy trades from sunday evening 22.00 PM until friday mornig
Be advised to not use this strategy for live Trading. It's very risky.