The technique is based on four indicators and trades on a 10-minute timeframe with the EURUSD instrument. Exponential moving average (Period 30), TVS (Period 24), CCI (Period 14), and RSI are indicators (Period 14). The EMA has mostly been used to establish the direction in a short time frame. It will begin a short trade when the last candle ended below the EMA, the TVS value is below 0 and the RSI value is between 40 and 50, with the CCI reading below -100. Similarly, it will open a long trade if the last candle ended above the EMA, the RSI is between 50 and 60, the TVS value is likewise above 0 and the CCI value is above and equal to 100. Take profit, stop loss, and the lot size is fixed.
The trade is to set the position price such that the closing price of the EURUSD when the trade is closed falls within the range of the two indicators and is never higher or lower than the first indicator. The trading strategy then begins when the first indicator is negative. The indicators play an essential part in the strategy. If the price falls within the range of the indicators, the position is closed and the trade restarts at the previous range. In contrast, if the price falls outside the range, the trade restarts at the first indicator. The action is not initiated until the indicator crosses over the other indicator, after which the position is opened for trade. The trade will be closed when the value of the EURUSD is equal to or lower than the position price or when the position has been closed for more than 10 seconds (ESMA trade). When the action is closed, it is impossible to start the process again, and the instrument stops trading.
Above are the testing mode screenshots on how my strategy traded for the month of December 2021.
Note: My strategy needs improvement however due to a shortage of time I am unable to optimize. I will for sure try to optimize in the coming months.
P.S.: I apologize for the mistakes, I made in writing in this blog post. Please ignore my mistakes.
The trade is to set the position price such that the closing price of the EURUSD when the trade is closed falls within the range of the two indicators and is never higher or lower than the first indicator. The trading strategy then begins when the first indicator is negative. The indicators play an essential part in the strategy. If the price falls within the range of the indicators, the position is closed and the trade restarts at the previous range. In contrast, if the price falls outside the range, the trade restarts at the first indicator. The action is not initiated until the indicator crosses over the other indicator, after which the position is opened for trade. The trade will be closed when the value of the EURUSD is equal to or lower than the position price or when the position has been closed for more than 10 seconds (ESMA trade). When the action is closed, it is impossible to start the process again, and the instrument stops trading.
Above are the testing mode screenshots on how my strategy traded for the month of December 2021.
Note: My strategy needs improvement however due to a shortage of time I am unable to optimize. I will for sure try to optimize in the coming months.
P.S.: I apologize for the mistakes, I made in writing in this blog post. Please ignore my mistakes.