I have been using my strategy allnew15 for quite some time now, the strategy trade using EURUSD pairs in 5 minutes period. The indicators that are being used in this strategy consist of two as can be seen in the picture
  • EMA(28)
  • MACD(17,31,14)

The reason of using EMA is that it provides with more wider time average price that can showed the trend of the pairs, where MACD histogram provides with the shift of shorter change in the price trend. In the picture show how the checking procedure of the condition in the visual jforex to determine where it will make buy or sell position which I will explain more below.
How to determine the position (to better understand refer to picture below):
  • Buy
Current MACD value always being compared with the previous one, when its value above 0 (*A), it will check if the previous was below 0, if this condition met, the next one is to check where the price is above EMA(28) (*B), if all condition met and there is no opened position then the strategy will placed buy position EURUSD pairs of 3.5M amount with predefined take profit of 11 points and stoploss 250 points.
  • Sell
If MACD value below 0 (*Y) and the previous one was above 0, then it will checked if the price is below EMA(28) (*Z), and if all the condition met and there is no opened position then the strategy will placed sell position EURUSD pairs of 3.5M amount with predefined take profit of 11 points and stoploss 250 points.
Thank You.
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