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.