NOV2017B

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The strategy is trend following strategy on EUR/USD and EUR/JPY. On retracement in bullish move and on bounce in bearish move, strategy opens the position in the direction of trend. All indicators used is on 10 and 15 minutes period having the best possible trade setup based on back testing. It first initialize all the variables and if then checks if market has medium volatility (ATR 4 period on 15 minutes is used). Then trend is identified if EMA 16 period(fast) is above or below 48 period(slow) EMA on 10 minutes chart. If EMA 16 is above EMA 48 the trade flow goes to buy loop and if below then it goes into sell loop. The entry is made on 2 CCI difference – one is 14 period and other is 7 period on 15 minutes chart. If 14 period CCI above 15( that means EUR/USD is bullish Provided 16 EMA above 48 period) and 7 period CCI below -100. Then CCI difference of 14 period and 7 period is taken into count. If the difference is above 120 then buy trade position will be opened. Same way for sell trade if CCI 14 period below -15 and CCI 7 period above 100(provided EMA 16 is below EMA 48) and difference is above 120, sell position is opened. This is main logic of the strategy. Further the strategy routine does validation if RSI above 55(on 10 minutes chart) for buy position and below 45 for sell position. Then it does validation on previous 4 candles (on 10 minutes chart) and one of the candles length should be above 2.75 pips (to avoid low volatility and false signal) and one of the candle should be green candle(buy candle, close should be higher than open) in case of sell trade initiation and red candle(sell candle) in case of buy trade initiation to avoid divergent signals. Also stochastics is used in this strategy and only validation it does is that slowk is above slowd. Means it bounced along with CCI and is not diverging. Strategy runs for 24 hours without any limitations, Take profit is 6 pips and stop loss is 50 pips. Default trade size is 15 million.
Version: Date: Status: Description:
2 01.11.2017 Not running NOV2017B  Download
1 31.10.2017 Executed NOV2017B  Download
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