Hello guys,
I want to share a method for trading the 15 minutes chart. I mainly used it on JPY pairs but it works good on other too. I'll provide the setup, the template and a beta version EA of it but I'll not disclose the code at this time.
First we have to create the NO-TRADE channel. Create a SMA with period 1 and apply to high. Create a SMA with period 1 and apply to low. This is the NO-TRADE channel. I'll explain later why.
Secondly, we need to create two EMA. First EMA is with period 55 and apply weighted close. Second EMA is with period 5 and apply to weighted close again.
Now place SAR with default setup.
Here is when we enter long (I prefer to enter when there is a fresh cross of the emas). When 5 EMA crosses 55 EMA up and SAR shows dot bellow price. Also we won't enter if the 55 EMA is inside the NO-TRADE channel.
And here is for short. When 5 EMA crosses 55 EMA down and SAR shows dot above price. Again if 55 EMA is inside NO-TRADE channel we don't trade.
P.S. Here are the goodies.
P.S.S. The EA is backtestable and forward testable.
I want to share a method for trading the 15 minutes chart. I mainly used it on JPY pairs but it works good on other too. I'll provide the setup, the template and a beta version EA of it but I'll not disclose the code at this time.
First we have to create the NO-TRADE channel. Create a SMA with period 1 and apply to high. Create a SMA with period 1 and apply to low. This is the NO-TRADE channel. I'll explain later why.
Secondly, we need to create two EMA. First EMA is with period 55 and apply weighted close. Second EMA is with period 5 and apply to weighted close again.
Now place SAR with default setup.
Here is when we enter long (I prefer to enter when there is a fresh cross of the emas). When 5 EMA crosses 55 EMA up and SAR shows dot bellow price. Also we won't enter if the 55 EMA is inside the NO-TRADE channel.
And here is for short. When 5 EMA crosses 55 EMA down and SAR shows dot above price. Again if 55 EMA is inside NO-TRADE channel we don't trade.
P.S. Here are the goodies.
P.S.S. The EA is backtestable and forward testable.
Attached File(s)
Fortune always favors the brave.