Trend strategy - orders are opened according to the trend. The trend
is tracked on three different TFs. The order is opened when the trend
coincides on 3TF. More than one order cannot be opened at the same
time. The order is closed upon reaching TP=7SL or SL=1ATR. Also, when
PL=2SL is reached, the order is transferred to BE=1SL. Further TS
with
step 1SL. An open order is not carried over to the next day. At the
end of the day, the order is closed regardless of the PL.
Currency pair EUR/JPY. The default period is 1H.
The trend is taken from TF: 15M, 30M and 4H.
The signal to buy is a cumulative uptrend. Defined on TF:
• 15M - one SMA indicator (5) and one candlestick (1). If the
candle
closes above the SMA line, then the trend is up.
• 30M - according to two EMA indicators (10), applied to the
opening
and closing of candles. If the closing line is higher than the
opening
line, then the trend is up.
• 4H - in two candles (1 and 2). If the low and high of the candle
(1) are higher than the low and high of the candle (2), then the
trend
is up.
For a sell trend, the opposite conditions apply.
When the signal changes, the open order is reversed.