Hi all. If someone is interested and have som free time could you attempt to code an EA for this strategy?
This is not my strategy, this is my modified version on how I trade it. You can find the original strategy here: http://www.forexfactory.com/showthre...=1#post1699435
Anyway, this is how i trade it:
On a 15 min chart, setup a RSI(14) with a 50 level.
Add the XPMA indicator (attached).
Trading rules:
When you get an alarm from the XPMA in the shape of an arrow, check the RSI.
If its above 50 and xpma up we are looking to buy. And the reverse for sell.
Im also trying to decide if the entry should be only if the current candle is bullish for buy and bearish for sell. Dont know how this will affect
losses/profits so it might be nice if there could be such a parameter so set to true or false.
Profit targets and stops:
Inspired by Iandekokers 5pips journal, I have set a lower but higher probability pips target. I set my profi target at 10+spread.
The stoploss, and i guess somone will react to the risk reward ratio here, will be set to 20+spread.
This particular set of rules i have traded since nov 7th, with 19 wins and only 2 losses(although my current on UJ us looking bad at the moment...)
Anyway, i will attach the XPMA indicator and also the template i use at the moment.
Happy trading.
This is not my strategy, this is my modified version on how I trade it. You can find the original strategy here: http://www.forexfactory.com/showthre...=1#post1699435
Anyway, this is how i trade it:
On a 15 min chart, setup a RSI(14) with a 50 level.
Add the XPMA indicator (attached).
Trading rules:
When you get an alarm from the XPMA in the shape of an arrow, check the RSI.
If its above 50 and xpma up we are looking to buy. And the reverse for sell.
Im also trying to decide if the entry should be only if the current candle is bullish for buy and bearish for sell. Dont know how this will affect
losses/profits so it might be nice if there could be such a parameter so set to true or false.
Profit targets and stops:
Inspired by Iandekokers 5pips journal, I have set a lower but higher probability pips target. I set my profi target at 10+spread.
The stoploss, and i guess somone will react to the risk reward ratio here, will be set to 20+spread.
This particular set of rules i have traded since nov 7th, with 19 wins and only 2 losses(although my current on UJ us looking bad at the moment...)
Anyway, i will attach the XPMA indicator and also the template i use at the moment.
Happy trading.
Attached File(s)
Liberate me ex inferis
