Hello everyone I'm really happy i won the first place in last month strategy contest and i will explain in this blog the strategy i used in that month.
The used Currency Pair : GBP/USD
The time frame : 10 MIN
lot size : 4M
take profit : 33 pips
stop lose : 60 pips
indicators :
Exponential moving average (EMA) 55 period
Tick Volume segment (TVS) 24 period
introduction:
The strategy is based on a simple concept first determine the trend direction on a short period using the Exponential moving average EMA 55 and this period used because of the fibo lvl 50 power spike and then open a trade using the Tick Volume segment TVS 24 and this period because it shows great results on the Currency Pair GBP/USD .
how it works :
when the price is above the Exponential moving average EMA 55 the trend is bullish and when the price below the Exponential moving average EMA 55 the trend is bearish. so the first part when the Last Bid Candle Close above the EMA 55 the Uptrend is determined to the strategy and the Last Bid Candle Close below the EMA 55 the Downtrend is determined to the strategy .
the second part is the Tick Volume segment (TVS) 24 the base for the TVS is 0 and If candle close is above EMA and if current TVS value is greater than previous TVS value and current TVS is above 0 and last TVS was below 0, it will open buy order.
If candle close is below EMA and if current TVS value is less than previous TVS value and current TVS is below 0 and last TVS is above 0, it will open sell order.
let's start with the first chart showing all the indicators i used .
first example how the strategy open the long trades:
as you can see on the chart first the candle close is above EMA 55 and second the current TVS value is greater than previous TVS value and current TVS is above 0 and last TVS was below 0 so it triggered a long trade and closed with 33 pips profit.
second example how the strategy open the short trades:
as you can see on the chart first the candle close is below EMA 55 and second the current TVS value is less than previous TVS value and current TVS is below 0 and last TVS is above 0 so it triggered a short trade and closed with 33 pips profit.
that's all thanks and have a great month and green pips everyone .
The used Currency Pair : GBP/USD
The time frame : 10 MIN
lot size : 4M
take profit : 33 pips
stop lose : 60 pips
indicators :
Exponential moving average (EMA) 55 period
Tick Volume segment (TVS) 24 period
introduction:
The strategy is based on a simple concept first determine the trend direction on a short period using the Exponential moving average EMA 55 and this period used because of the fibo lvl 50 power spike and then open a trade using the Tick Volume segment TVS 24 and this period because it shows great results on the Currency Pair GBP/USD .
how it works :
when the price is above the Exponential moving average EMA 55 the trend is bullish and when the price below the Exponential moving average EMA 55 the trend is bearish. so the first part when the Last Bid Candle Close above the EMA 55 the Uptrend is determined to the strategy and the Last Bid Candle Close below the EMA 55 the Downtrend is determined to the strategy .
the second part is the Tick Volume segment (TVS) 24 the base for the TVS is 0 and If candle close is above EMA and if current TVS value is greater than previous TVS value and current TVS is above 0 and last TVS was below 0, it will open buy order.
If candle close is below EMA and if current TVS value is less than previous TVS value and current TVS is below 0 and last TVS is above 0, it will open sell order.
let's start with the first chart showing all the indicators i used .
first example how the strategy open the long trades:
as you can see on the chart first the candle close is above EMA 55 and second the current TVS value is greater than previous TVS value and current TVS is above 0 and last TVS was below 0 so it triggered a long trade and closed with 33 pips profit.
second example how the strategy open the short trades:
as you can see on the chart first the candle close is below EMA 55 and second the current TVS value is less than previous TVS value and current TVS is below 0 and last TVS is above 0 so it triggered a short trade and closed with 33 pips profit.
that's all thanks and have a great month and green pips everyone .