august2017

Default image
Trading Logic: It uses EMA of 11 based on hourly period with 1 Hour candle's open and close. I BUY when Hour Candle Close > EMA 11 and Hour Candle Open < EMA 11. I SELL when Hour Candle Open > EMA 11 and Hour Candle Close < EMA 11.Description of indicators: I have used many customized indicators. I will describe them one by one. I started with a customized time based indicator. I wanted my trades to be opened only during 6 GMT and 16 GMT hours on Monday-Thursday. Using LAST ASK CANDLE's Candle Time in GETTIMEUNIT function, I fetched day of week, hour and minute in variables named - dayofweek, hour and minute respectively. Using dayofweek less than 6 helped in excluding Friday's trading day. hour variable was set as greater than and equal to 6 - along with - less than and equal to 16. So, trading was set during 6 GMT and 16 GMT hours. In main strategy, I have used 1 Hour candle's open and close along with EMA 11. Shift 1 is used for both 1 hour candle and hourly EMA 11. I needed to determine bullish and bearish candles. So, I used Close > Open for Bullish candles and Open > Close for Bearish candles. I have already explained BUY/SELL logic in trading logic section. Explanation of chosen setting: Lot size = 8 lots, Slippage = 5 pips, 250 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 01.08.2017 Not running august2017  Download
orto leave comments


(few words about added changes)

(example: 1.1, beta, alpha)