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Help finishing my automated strategy.
Dotes
 Post subject: Help finishing my automated strategy. Post rating: 0   New post Posted: Sat 15 Oct, 2016, 01:45 
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Joined: Sat 15 Oct, 2016, 01:12
Posts: 1
Hi All,

I need help finishing my strategy. I am close I just need help finishing.

Strategy

* If 50 EMA is below 100 EMA price is on a downtrend. If 50 EMA is above 100 EMA price is uptrend.

* If price is in a downtrend we are only looking for bearish engulfing candles if price is in uptrend we are only looking for bullish engulfing candles.

* TP is 5 pips and SL is above the wick of the engulfing candle.

* I would like the strategy to trade only between the 80 and 20 zone of the stochastic indicator.

* Trades 4 hour candles and 1 day candles.

* I would like the strategy to on trade in the trend of the higher time frame. For example for the 4h candles I would want the algorithm to only trade in the direction of trend on the daily chart. So if Ema 50 is below EMA 100 on the Daily chart we are only looking for short trades on the 4h chart when EMA 50 is below EMA 100. And vice versa.

Below is the youtube video I did with Bruno to build the strategy. As you can see we did not finish.

Thank you for your help!

Image


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amine_chourou
 Post subject: Re: Help finishing my automated strategy. Post rating: 0   New post Posted: Tue 01 Nov, 2016, 17:01 
Visual JForex expert at Dukascopy
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User rating: 288
Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
Hi !

Sorry for the late answer.
I've build an example following your specification although I believe that with the current conditions (according to my understanding) the strategy is not trading. I'll let you test this thoroughly and comment it.


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