- Trading Logic. I want to catch strong trend with 2 10-sec SMA lines
cross over .
- Description of indicators. I use RSI(7) for 4 Hour to choose long or
short. When RSI is above 50 then I am ready to place the long order.
When RSI is below 50 then I am ready to place short orders. I also use
ADX(14) for 15 MIN to make sure that it is strong trend. Only place
orders when ADX is greater than 20. When SMA(10) for 10-SEC cross
SMA(90) for 10-SEC I will place orders if it is currently no orders.
But I filter lots of cross over signals to close orders. Only close
orders when the profit is more than 3-10 point and SMA cross. Or it is
not lucky enough to hit the SL.
- Explanation of chosen settings. Time frames using 4H to determine
the trend because I found 4H chart is more stable, currency pairs
choose any pairs depends on which chart I thought that it was strong
trend in the whole month , SL is 200 depends on the ATR of the pairs,
TP is 300 but it seldom hit TP because when profit is more than 3-10
points we will consider to close orders...
- Trade volume is Equity multiply 0.00004 or 0.00005 depends on the
ATR of the pairs. Because I found kelly formula is best to get really
high performance on the contest.