magic41

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used usd/jpy Trading Logic. I want to catch strong trend with 2 10-sec SMA lines cross over . - Description of indicators. I use RSI(7) for 4 Hour to choose long or short. When RSI is above 50 then I am ready to place the long order. When RSI is below 50 then I am ready to place short orders. I also use ADX(14) for 15 MIN to make sure that it is strong trend. Only place orders when ADX is greater than 20. When SMA(10) for 10-SEC cross SMA(90) for 10-SEC I will place orders if it is currently no orders. But I filter lots of cross over signals to close orders. Only close orders when the profit is more than 3-10 point and SMA cross. Or it is not lucky enough to hit the SL. - Explanation of chosen settings. Time frames using 4H to determine the trend because I found 4H chart is more stable, currency pairs choose any pairs depends on which chart I thought that it was strong trend in the whole month , SL is 200 depends on the ATR of the pairs, TP is 300 but it seldom hit TP because when profit is more than 3-10 points we will consider to close orders... - Trade volume is Equity multiply 0.00004 or 0.00005 depends on the ATR of the pairs. Because I found kelly formula is best to get really high performance on the contest.
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1 01.04.2018 Not running magic41  Download
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