1. Trading logic : In this strategy I am using bullish engufling
pattern for buy and bearish engufling patern on 5 minute chart to
generate trade. There is condition that price need to be above B.Band
15 minutes middle line for sell trade and above middle line for sell
trade. I do not trade on Monday. 2. In this strategy I only use
Boolinger Band indicator as oscialtor. All other conditions are based
on price action. 3. IF price is above Monday high, below middle line
on B.Band indicator and creates bullish engufling pattern on 5 minute
than I will make buy order with 50 pips stop loss and 59 pips target.
IF price is below Monday low, above middle line on 15min chart B.Band
indicator and creates bearish engufling pattern on 5 minute than I
will make sell order with 50 pips stop loss and 59 pips target.In all
other cases Ea will buy or sell with stop loss 30, target 39 pips. 4.
I have simple trade volume rule fixed 3M or 7M.