Open trading account 
Today I'm posting my first strategy and thus taking part in the strategy contest. I have no knowledge whatsoever in coding Java but the Visual Jforex interface makes it a lot easier. Probably VJ won't be of any use if you need a more complex strategy so in the following months i'll be studying some Java language in order to make my own indicators.
Let's go the point of this first entry: iLPianto (that's the strategy's name, it's the italian word that describes the act of crying, with "il" being the italian definite article (The in english) and "Pianto" (Crying). Don't ask me why I called it that way.
Objective: The strategy's main objective is to spot trend reversals or any substantial pullback.
Time Frame: 5 min
Currency Pair: EUR/JPY
Indicators: -EMA (6)
-CCI (12)
-RSI (12)
Description:
Sell Signal Conditions (All of them must be met)
- Price Action Condition: If a bull candle's open is above the EMA and the following candle is a bear candle with it's close above the EMA, both candles being greater in size (Body size, that means that i'm not counting the shadows
or pins) than 3 pips
- RSI: Above or equal to 67
- CCI: Above or equal to 160
Buy Signal Conditions (All of them must be met)
- Price Action Condition: If a bear candle's open is below the EMA and the following candle is a bull candle with it's close below the EMA, both candles being greater in size (Body size, that means that i'm not counting the shadows or pins) than 3 pips
- RSI: Below or equal to 33
- CCI: Below or equal to -160
Stop Loss & Take Profit
Stop loss is calculated in a sell order as the highest high among the two the candles in the price action condition plus 2 pips and viceversa in the buying order being the lowest low among the two candles in the price action condition plus 2 pips.
Take Profit 40 pips.
Let's go the point of this first entry: iLPianto (that's the strategy's name, it's the italian word that describes the act of crying, with "il" being the italian definite article (The in english) and "Pianto" (Crying). Don't ask me why I called it that way.
Objective: The strategy's main objective is to spot trend reversals or any substantial pullback.
Time Frame: 5 min
Currency Pair: EUR/JPY
Indicators: -EMA (6)
-CCI (12)
-RSI (12)
Description:
Sell Signal Conditions (All of them must be met)
- Price Action Condition: If a bull candle's open is above the EMA and the following candle is a bear candle with it's close above the EMA, both candles being greater in size (Body size, that means that i'm not counting the shadows
or pins) than 3 pips
- RSI: Above or equal to 67
- CCI: Above or equal to 160
Buy Signal Conditions (All of them must be met)
- Price Action Condition: If a bear candle's open is below the EMA and the following candle is a bull candle with it's close below the EMA, both candles being greater in size (Body size, that means that i'm not counting the shadows or pins) than 3 pips
- RSI: Below or equal to 33
- CCI: Below or equal to -160
Stop Loss & Take Profit
Stop loss is calculated in a sell order as the highest high among the two the candles in the price action condition plus 2 pips and viceversa in the buying order being the lowest low among the two candles in the price action condition plus 2 pips.
Take Profit 40 pips.