EMA11

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The Strategy trades with EUR/USD pair on 5 minute timeframe and it uses EMA on 5 minute timeframe, CCI on 5 mins interval and RSI on Weekly. If EMA is higher than bid price, CCI with 14 period and 5 minute timeframe is higher than 0 and RSI on weekly is higher than 52 than the strategy enters BUY position If EMA is lower than bid price, CCI with 14 period and 5 minute timeframe is lower than 0 and RSI on weekly is lower than 48 than the strategy enters SELL position The SL is 90 pips and the take profit is 3 pips with a volume of 6mln.
Version: Date: Status: Description:
8 25.11.2015 Not running EMA11  Download
7 08.05.2015 Executed EMA11  Download
6 08.05.2015 Executed EMA11  Download
5 02.04.2015 Not running EMA11  Download
4 04.03.2015 Not running EMA11  Download
3 01.12.2014 Not running EMA11  Download
2 24.11.2014 Not running EMA11
1 16.11.2014 Executed EMA11
megajorko avatar
megajorko 20 Nov.

The Idea of the strategy is that when the price is under the Weekly 50 (48) RSI the conditions are for short positions, than it enters short when additionally the price is over the EMA25 and CCI is also lower than 0 (this means that the price is entering in a bearish channel) and the reverse is valid for the Long positions. The range between 48 and 52 on weekly RSI I reserved for the uncertainty of the market. I made additional explanation here because I can't add more text on the description

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