Febulous - Currency Pair EURJPY Candle Period 10 mins Indicators
DEMA(22) Shift 0 and 1. If DEMA(22) Shift 0 is > DEMA(22) Shift 1 and
the last bid candle closes above DEMA(22) with Candle Low below
DEMA(22) a Long Position is Opened. If DEMA(22) Shift 0 < DEMA(22)
Shift 1 and the last bid candle closes below DEMA(22) with Candle
High
above DEMA(22) a Short Position is Opened. SL 17 TP 986.
Exit Strategy - If an Opposite Condition Occurs the Order will be
closed if Profit is less than equal to 17 pips or greater than equal
to 5 pips. If Profit
level is greater than 17 pips then Order will be closed if Profit
level falls below 5 pips. Similarly if Profit level is above 29 pips
minimum pips level is 17 pips. Above 49 minimum pips 29. Above 99
minimum pips level is 75. If Profit level is greater than 151 then a
Custom trailing stop is triggered with trailing step 151 and Stop
loss
151. Also the minimum profit level would be 50 percent of the maximum
Profit reached. If the Profit level is less than equal to 151 pips
and greater than equal to 1 pips by the end of the day order shall be
closed. TradeAmount = Equity/20000. Risk Involved - If the strategy
gets caught in a sideways movement of 17 pips from the DEMA 22 LINE
then a continuous loss of 17 pips is posssible until the market
condition changes. This condition could be avoided only if the order
was placed prior to the occurence of this condition and you have
sufficient profit levels that don't close the order due to the
strategy's exit policy.