"Anvinew" Strategy Uses the Concept Of Exponential Moving Average Combined With Stochastic Oscillator. The Default Ema Period Is (28) & Default Stochastic Settings are (5,3,3) The Instrument is GBP/JPY , Trade Amount is 8, Slippage is 3 pips, Stop Loss is 200 pips, Take Profit is 8 pips & Time Period is 10 minutes.This strategy trades only on GBP/JPY based on two indicators Ema (28) & Stochastic (5,3,3).
For a Short position-If Last Bid Candle Close Below Ema28 & Stochastic Slowd is above 80 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case to open a buy order last bid candle should be a Buy candle hence a Short position is opened.
For a Long position- If Last Bid Candle above Ema28 & Stochastic Slowd is below 20 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case To open a sell order last bid candle should be a Sell candle hence a Long position is opened. If at any time there are two opened orders simultaneously, the strategy stops automatically.
I made this strategy in VISUAL JFOREX https://www.dukascopy.com/vjforex/
For a Short position-If Last Bid Candle Close Below Ema28 & Stochastic Slowd is above 80 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case to open a buy order last bid candle should be a Buy candle hence a Short position is opened.
For a Long position- If Last Bid Candle above Ema28 & Stochastic Slowd is below 20 than strategy will check the type of last bid candle whether it is a Buy candle(candle close should be grater than candle open) or Sell candle(candle open should be grater than candle close).In this case To open a sell order last bid candle should be a Sell candle hence a Long position is opened. If at any time there are two opened orders simultaneously, the strategy stops automatically.
I made this strategy in VISUAL JFOREX https://www.dukascopy.com/vjforex/