winnertecarol

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This is my first strategy developed to deal in forex, I used the EURUSD pair, it is one with which I felt more at ease to develop the same. The strategy works with a period of 5 minutes, and analyzes the history of the last 10 candles. If the difference between the maximum and the minimum of the last closed candle not exceeds 15.5 pips, it will do the calculations to decide whether to enter into BUY or SELL, in accordance with the maximum and minimum of the last 10 candles. If the condition is for SELL, still has 2 paths, if the last candle is a bearish or bullish candle, the tp will vary between 5 or 10 pips. The SL is always of 105 pips and a lot of 5.5. If the condition is for BUY, it again has two paths to follow, if the last candle is a bearish or bullish candle, the tp will vary between 5 or 10 pips. The SL is always of 105 pips and a lot of 5.5.
Version: Date: Status: Description:
1 03.01.2014 Not running winnertecarol  Download
rokasltu avatar
rokasltu 29 Sep.

Description is incorrect. It is stated that decisions for opening trades are done in case last 5 min candle exceeds 15.5 but it is programmed so that decisions are done in case last 5 min candle do not exceed 15.5 pips.

ruidenunes avatar

You are right, it was my traduction from portuguese to english that was not perfect. Thanks!!

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