92% win rate strategy. Placing trades with 5 confluences
No losing trade in a long while now. At worse BE. I need an EA coded to trade this strategy automatically
The strategy is based on support & resistance , t3 moving average, 2 macd (slow and medium settings) and RSIOMA indicators.
5minute tf cuz i'm a scalper. Works fine on the higher timeframes too.
Entry rules
BUY
1. Watch out for key level formed on or above the t3 200EMA
2. RSIOMA crosses the 50 mark and the 2 macd should both be yellow color
SELL
Vice versa
SL- top/bottom of Most recent key level +4pips
Exit - Dynamic (when the RSIOMA cross back 50 line).
Exit all trades 5mins to close of day or tighten stops (toggle option)
Managing trades-
Tighten stops on ALL open trades 1 min before major news
Take trades below or above keylevels not inside d it (sup/resis zone)
*No trade if next key level will give less than 1:1
*Tighten SL to 1ATR 1 min before news
*Trail SL with at each key levels. once candle opens and close above level, move sl
* Dont take trades 15mins before and after RED folder news
* max open trades at a time- 3
*Avoid taking trades on big candles (> ATRx 3) or candles too far from key level
*B.E at 1:1 RR Toggle on and off
*add spread filter
*add trading hours
*EA should be able to calculate lots size based on calculated SL in pips and risk amount i input (eg $100) and currency pair pip value...and open trade immediately...all in real time.
No losing trade in a long while now. At worse BE. I need an EA coded to trade this strategy automatically
The strategy is based on support & resistance , t3 moving average, 2 macd (slow and medium settings) and RSIOMA indicators.
5minute tf cuz i'm a scalper. Works fine on the higher timeframes too.
Entry rules
BUY
1. Watch out for key level formed on or above the t3 200EMA
2. RSIOMA crosses the 50 mark and the 2 macd should both be yellow color
SELL
Vice versa
SL- top/bottom of Most recent key level +4pips
Exit - Dynamic (when the RSIOMA cross back 50 line).
Exit all trades 5mins to close of day or tighten stops (toggle option)
Managing trades-
Tighten stops on ALL open trades 1 min before major news
Take trades below or above keylevels not inside d it (sup/resis zone)
*No trade if next key level will give less than 1:1
*Tighten SL to 1ATR 1 min before news
*Trail SL with at each key levels. once candle opens and close above level, move sl
* Dont take trades 15mins before and after RED folder news
* max open trades at a time- 3
*Avoid taking trades on big candles (> ATRx 3) or candles too far from key level
*B.E at 1:1 RR Toggle on and off
*add spread filter
*add trading hours
*EA should be able to calculate lots size based on calculated SL in pips and risk amount i input (eg $100) and currency pair pip value...and open trade immediately...all in real time.
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