The strategy uses one Exponential Moving Average with 9 periods (EMA
9) as indicator of trend direction. If the last candle opens below
the EMA line and close above EMA line, the strategy puts a long
pending
order in candle maximum price, and this pending order is valid until
00:00 GMT. In other way if the last candle opens above the EMA line
and closes below the EMA line, the strategy puts a short pending
order in candle minimum price, valid util 00:00 GMT.
After backtests, the 1 hour period and EUR/USD pair shows better
results than other pairs and timeframe. Also in backtests, the
combination of 5 pips for take profit and 60 pips for stop loss shows
a high acurracy in profit trades probabilities, so, that´s why this
combination os chosen. Trade amount of 10 lots seens to be a balanced
trade amount for the USD 100.000,00.