This strategy uses fractals on EURJPY H1 filtered by 21 and 34 period
EMAs on H1. When the fast EMA is above the Slow EMA we're looking
only
for long signals. The idea is to identify the main move (with crossed
EMAs), then to get the local min/max (with fractals) and to trade on
best price (the price and the current fractal have to be on opposite
sides of the fast EMA). When down fractal appears below the fast EMA
we go long until the Stoploss is hit. Every price move has its end,
that's why the bigger distance between price and local min/max the
tighter is the stop. It starts from 120 pips and goes to 100,70,30
and
10pips. After that we wait for another main signal.
We calculate local min/max as the last fractal on the opposite side of
the fast EMA.
