Hello !! in October I won 3rd place in the strategy contest ,i am using same strategy constantly because i found its best and its work good for gbp/jpy pair.This strategy has help me win several times and now I will explain my strategy.
This Strategy Uses the Concept Of Exponential Moving Average Combined With Stochastic Oscillator. The Default Ema Period Is (28) & Default Stochastic Settings are (5,3,3) The Instrument is GBP/JPY , Trade Amount is 8, Slippage is 3 pips, Stop Loss is 200 pips, Take Profit is 8 pips & Time Period is 10 minutes.This strategy trades only on GBP/JPY based on two indicators Ema (28) & Stochastic (5,3,3).
Sell: If Last Bid Candle Close Below Ema28 & Stochastic Slowd is above 80 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case to open a buy order last bid candle should be a Buy candle hence a Short position is opened.
Buy: If Last Bid Candle above Ema28 & Stochastic Slowd is below 20 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case To open a sell order last bid candle should be a Sell candle hence a Long position is opened. If at any time there are two opened orders simultaneously, the strategy stops automatically.
Thank you very much!!!
This Strategy Uses the Concept Of Exponential Moving Average Combined With Stochastic Oscillator. The Default Ema Period Is (28) & Default Stochastic Settings are (5,3,3) The Instrument is GBP/JPY , Trade Amount is 8, Slippage is 3 pips, Stop Loss is 200 pips, Take Profit is 8 pips & Time Period is 10 minutes.This strategy trades only on GBP/JPY based on two indicators Ema (28) & Stochastic (5,3,3).
Sell: If Last Bid Candle Close Below Ema28 & Stochastic Slowd is above 80 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case to open a buy order last bid candle should be a Buy candle hence a Short position is opened.
Buy: If Last Bid Candle above Ema28 & Stochastic Slowd is below 20 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case To open a sell order last bid candle should be a Sell candle hence a Long position is opened. If at any time there are two opened orders simultaneously, the strategy stops automatically.
Thank you very much!!!