Trading Logic: I use price action based multiple three sub-strategies for EURUSD. First sub-strategy, uses EMA of 11 based on hourly period with 1 Hour candle's open and close. I BUY when Hour Candle Close > EMA 11 and Hour Candle Open < EMA 11. I SELL when Hour Candle Open > EMA 11 and Hour Candle Close < EMA 11. Second sub-strategy uses two 30 min candles with shift 1 and 2. I BUY when Shift 1's Close > Open and Shift 2's Close > Open. I SELL when Shift 1's Open > Close and Shift 2's Open > Close. Third sub-strategy is based on Over-bought and Over-sold condition determined by RSI indicator with time period 14 on 1H period and 1 shift. When RSI is below 25, I BUY. When RSI is above 75, I SELL. Description of indicators: I have used many customized indicators. I will describe them one by one. I started with a customized time based indicator. I wanted my trades to be opened only during 6 GMT and 16 GMT hours on Monday-Thursday. Using LAST ASK CANDLE's Candle Time in GETTIMEUNIT function, I fetched day of week, hour and minute in variables named - dayofweek, hour and minute respectively. Using dayofweek less than 6 helped in excluding Friday's trading day. hour variable was set as greater than and equal to 6 - along with - less than and equal to 16. So, trading was set during 6 GMT and 16 GMT hours. In first sub-strategy, I have used 1 Hour candle's open and close along with EMA 11. Shift 1 is used for both 1 hour candle and hourly EMA 11. I needed to determine bullish and bearish candles. So, I used Close > Open for Bullish candles and Open > Close for Bearish candles. I have already explained BUY/SELL logic in trading logic section. In second sub-strategy, my two 30 min successive candles use previously described Close > Open for Bullish candles and Open > Close for Bearish candles. Third sub-strategy used RSI indicator to determine Over-bought and Over-sold conditions with 14 time period setting. When RSI is below 25 it symbloises Over-sold conditions, so I BUY. When RSI is above 75 it symbloises Over-bought conditions, so I SELL. Explanation of chosen setting: Lot size = 8 lots, Slippage = 5 pips, 250 pips is set as Stop Loss and 5 pips is set as Take Profit. This setting is same across three sub-strategies explained above. Method of trade volume calculation: Not used.
Version: Date: Status: Description:
1 02.11.2015 Not running novem2015  Download
FX_Riper avatar
FX_Riper 10 Sep.

Looks like a very good machine, good luck

Chartist65 avatar
Chartist65 12 Sep.

thanks for words of appreciation. my strategy performs very well in trending markets.

orto leave comments

(few words about added changes)

(example: 1.1, beta, alpha)