strategy based on psar(0.02,0.2), HMA (50), HMA (200),
stochastic(10,2,2) and ADX(14) indicator on
the 10min timeframe with EURJPY pair.
The psar and HMA indicators is used to determine the direction of
trade, while
the stochastic is used to measure the strength and volatility and
momentum.
The ADX is used to determine the strength of the trend.
The stochastic oscillator provides overbought and oversold levels, in
a trending market, these levels help to determine market sentiments.
Works best in the trending market. The strategy uses a standard 6mil
lot size.
The 10 min timeframe is chosen to give you an early entry and avoid
risk of retracement.
The stoploss level are set at 18 pips and Takeprofit are set at 58
pips with a risk reward ratio set to 1:3.
Opens a buy position when stocastic above 89 and psar below price and
HMA 50 greater than HMA 200 and ADX above 18.5 and
sells when stochastic below 5 and psar above price and HMA 50 less
than HMA 200 and ADX above 18.5.