This algorithm is combination of three different ideas which are
executed independently of each other on EUR/USD.
The first flow algorithm which is designed using the Triple
Exponential Average(TRIX) is to trade with the trend. Two Hourly TRIX
values with look back period of 1 and 4 respectively needs to be
rising and above 0 for buy trade and declining and below 0 for sell
trade. Then 5m TRIX values
need to be on rise and above 0 for buy and on decline and below 0 for
sell trade. Entry is
taken when reversal happens after retraement using 1m TRIX output
vales with look back period of 1, 4 and 7 repectively. The third flow
formation exploits overbought/oversold
situation uses MinMax values for last six candle periods of four
hours
each. When new minima/maxima is formed, it executes buy/sell trade
after price reversal of thirty pips.