EMA5CROSSOVER7VER_01

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Hello fellow community members. This is a very simple strategy that looks for a crossover of 5 period EMA applied to closing price over 7 period EMA applied to closing price. One other filter that I have added to filter out noise is 34 EMA applied to closing 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 market on the closing of the candle. if number of open positions is 0. And if 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 market on the closing of candle if the number of positions opened is 0. Trading time frame is 5 minutes, currency pair is EURUSD, amount to trade is 5 million, stop loss is 300 pips and take profit is 10 pips.
Version: Date: Status: Description:
2 01.12.2016 Comp. error EMA5CROSSOVER7VER_01  Download
1 01.12.2016 Comp. error EMA5CROSSOVER7VER_01  Download
forexshooter avatar

Superb Trading Brother.  Would like to learn jforex from you.

rupesh1984 avatar

this strategy already won contest,please tell me how and why u think its copied,its not fair to post anonym and said its copied without giving reason.and thus kind a bad practice will not effect contestant.

verindur avatar
verindur 12 Feb.

All strategies are copied. After all they are here for the same purpose. To catch the trend. Right anony :))

killer195175 avatar

There is a possibility that the strategies are similar to one another in some way or the other. Once you know that you have to reach point B from point A then you may take bike, car a horse or anything, ultimately you all are moving. I suppose my strategy essentially catches the trend in 5 minutes timeframe. Someone finds it copied must prove it with code that has been generated before I uploaded this strategy.
Cheers!!!

verindur avatar
verindur 12 Feb.

This is a very common idea implemented in many ways. So you can't categorise as copied according to Dukas rules.

verindur avatar
verindur 12 Feb.

@ killer195175. This strategy can be used for a Live account but with SL 49 I guess.

killer195175 avatar

I am trying to limit losses by having a small stop loss or trailing. But if you see the contest requirements are to complete 20 trades minimum. On higher timeframes, you need not have big stop loss but the rewards are more. So, on higher time frames it is more successful in live.

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