Where and how strategy trades- This strategy is based on crossover of
moving averages. I have used EMAs instead of SMAs to capture recent
reversals. It also uses stoch indicator to check major trend and
current oversold/overbought levels. It places a buy order if EMA(5)
crosses EMA(13) from beneath and if Stoch (30) supports the trend
while stoch(5) suggests a reversal and vice-e-versa.
- EMA (5) is quick to know any reversal and it works well with
- I have used standard settings for Stoch(5) and chose pair USD/JPY as
it offers less spread which makes strategy more effective. Tp is 10
while stop loss is 100.