Hello, fellow community members. This is a very simple strategy that
looks for a crossover of 5 periods EMA applied to close price over 7
periods EMA applied to close price. One other filter that I have added
to filter out noise is 34 EMA applied to close price. When the price
is trading above 34 EMA and the 5 period EMA crosses the 7 period EMA
from below to upside, a buy is placed at the market on the closing of
the candle. if the number of open positions is 0. And if the price is
trading below 34 EMA and the 5 period EMA crosses the 7 period EMA
from above to the below side then a sell is placed at the market on
the closing of the candle if the number of positions opened is 0. The
trading time frame is 5 minutes, the currency pair is EURUSD, the
amount to trade is 5 million, the stop loss is 300 pips, and the take
profit is 10 pips.
looks for a crossover of 5 periods EMA applied to close price over 7
periods EMA applied to close price. One other filter that I have added
to filter out noise is 34 EMA applied to close price. When the price
is trading above 34 EMA and the 5 period EMA crosses the 7 period EMA
from below to upside, a buy is placed at the market on the closing of
the candle. if the number of open positions is 0. And if the price is
trading below 34 EMA and the 5 period EMA crosses the 7 period EMA
from above to the below side then a sell is placed at the market on
the closing of the candle if the number of positions opened is 0. The
trading time frame is 5 minutes, the currency pair is EURUSD, the
amount to trade is 5 million, the stop loss is 300 pips, and the take
profit is 10 pips.