AUDNZDstrategy

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Trading Logic: Trend follow strategy for AUDNZD using EMAs of 4,8,12 and 16.I BUY when EMA 4 > 8 > 12 > 16 and SELL when EMA 4 < 8< 12 < 16. I also check for boolean variables BUY and SELL if TRUE based on BULLISH/BEARISH current monthly candle. Only then BUY/SELL orders are triggered. Description of indicators: Whenever monthly close > monthly, I set BUY as true. Whenever monthly close < monthly, I set SELL as true. Trading is allowed after 5th day of the month.I use a customized indicator to ignore ranging markets, which uses a system of tracking new lows and highs by daily candles. I have set two variables: highest as 0 and lowest as 1000. Using loopviewer, I go through day candles one by one. Whenever current day candle's highest exceeds highest variable value, it is set as value of the highest. Similalrly, whenever current day candle's lowest is lower than the value of the lowest variable, it is set as value of the lowest. Whenever 1 minute current candle are beyond the highest and lowest range, trading is allowed.Explanation of chosen setting: I use 4 8 12 16 EMA's with shift 1 to trigger BUY and SELL orders. Alternatively for ranging markets - I BUY when I have bearish bias on 4H,1H and 30 min candles with 1 shift. Also, I SELL when I have bullish bias on 4H,1H and 30 min candles with 1 shift. The idea is trade contra during ranging markets. Lot size = 40 lots, 999 pips is set as Stop Loss and 5 pips is set as Take Profit.Method of trade volume calculation: Not used.
Version: Date: Status: Description:
1 03.03.2016 Not running AUDNZDstrategy  Download
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