In this strategy, I'm using 2 indicators: EMA and Stochastic. I trade
five pairs: GBP/JPY, GBP/NZD, GBP/AUD, GBP/CHF, GBP/CAD on 30 minutes
time frame with amount trade 3M, slippage 3 pips, stop loss 20 pips,
take profit 60 pips. For EMA, I'm using period = 28 in a 30 minutes
time period to know if the instrument is oversold or overbought. For
Stochastic, I'm using fast %K period = 5, slow %K period = 3, slow %K
MAType = SMA and slow %D period = 3 in a 30 minutes time period to
confirm what trend is going to be. Opens sell positions if last bid
candle close below EMA, Stochastic Slowd > 80 and last bid candle
open
is less than last bid candle close. Opens buy positions if last bid
candle close above EMA, Stochastic Slowd < 20 and last bid candle
open
is greater than last bid candle close. I set
Stop Loss at 0 pips if profit loss in pips are equal with 10 pips and
if the profit loss in pips are above 20 pips, I use trailing stop
(trailling step 19 pips and stop loss -5 pips)