In this strategy, I'm using 2 indicators: EMA and Stochastic. The
strategy trade EUR/JPY on 10 minutes time frame with amount trade
5.6M, 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 12 pips and
stop loss 19 pips Opens buy positions if last bid candle close above
EMA, Stochastic Slowd < 19 and last bid candle open is greater than
last bid candle close. For buy order, I set take profit 6 pips and
stop loss 12 pips