This strategy uses exponential moving averages to determine buying
and
selling points. a buying position is placed when the price of the
instrument is above the last tick plus 10 pips and greater than or
equal to the slow ema (exponential moving average) and a short
position is
placed when the price is below the last tick minus 10 pips and less
than the slow ema.
The strategy uses the EUR\USD pair because it is the most stable
according to the strategy trading pattern; it uses the 1 minute
period
to calculate the EMA, basically just because all it needs is the
average price for the last minutes; and uses 10 pips as the SL and
TP;
however, the
SL level will be adjusted according to the EMA as soon as a position
is opened