In this strategy, I'm using 2 indicators: EMA and Stochastic. The
strategy trade EUR/JPY on 10 minutes time frame with amount trade
3.99M, slippage 3 pips.
For EMA, I'm using period = 28 in a 10 minutes time period to know if
the instrument is oversold or overbought in shorter time period. For
Stochastic, I'm using fast %K period = 5, slow %K period = 3, slow %K
MAType = SMA and slow %D period = 3 in a 10 minutes time period to
confirm what trend is going to be in a shorter time period.
Opens sell positions if last bid candle close below EMA, Stochastic
Slowd > 78 and last bid candle open is less than last bid candle
close. For sell order, I set take profit 25 pips and stop loss 15
pips
Opens buy positions if last bid candle close above EMA, Stochastic
Slowd < 5 and last bid candle open is greater than last bid candle
close. For buy order, I set take profit 9 pips and stop loss 5 pips