"Emastic" Strtegy uses the concept of Exponential Moving Average and
Stochastic Oscillator. The Default EMA period is 34 and Default
Stochastic periood is (5,3,3)
I use two Exponential Moving Average First EMA-34(shift 0) & Second
EMA-34(shift 1). I use EMA applied to HL/2. The Instrument Used is
GBP/JPY, Time period is 15 minutes, Trade amount is 8, slippage is 5,
take profit is 10pips, stop loss is 500 pips.
For a Buy Trade:-
If open position amount is 0 & if EMA-34(shift 0)>EMA-34(shift 1) it
mostly shows the trend direction than strategy will check the value
of
stochastic-%d
if it is below 20 level than strategfy will open a buy trade.
vice versa for a downtrend strategy will open a sell trade.
