The strategy is based on identifying sma red candle and/or sma green
candle moments for the market entry. To do this, momentum indicators
like SMA and Cycle are used. At the same time, it is verified that
the
market in the long and medium term has a compatible trend with the
entry type (BUY/SELL), for this purpose different moving averages are
used with varying timeframes (10 minutes ). The strategy is
instrument, this version is using the EURJPY in the second strategy,
see below), but future versions could use EURJPY pair. The strategy
uses money management to determine the trade volume, but allows the
entry of a fixed volume thus disabling money management. The strategy
is selective in terms of the time to trade. This version includes a
First strategy inside the strategy, it is a trend strategy on the
pair
and uses Mov average (10 min), If price SMA crossed previous green
candle then sell of Pair If SMA crossed previous red candle then buy
order pair to trade following the trend, The Cycle will only help to
confirm a trend so this strategy is based in SMA The Cycle indicators
is used to identify a new trend of warn of extreme conditions but is
very strict and could do very little or even no trades during the
month, the SL:TP ratio of this strategy is 5. Finally, the strategy
also uses a martingale to try to recover from a loss. The Stop Loss
40: Take Profit ratio of the main strategy is 45 pip except if the
martingale is used. The version 1 fixes a bug in the trade time
range.
The strategy was designed exclusively for the Dukascopy Strategy
Contest in Jully 2017