Daily Profit - H1 Trading using SMA

1. SMA 5,0, close
2. BB 20,0,2,close

Time Required - EA will send alerts, initially we will take positions manually and later we will start using EA for trading too

Avoid

1. Risk - Positions more than 5% of account value and do not take multiple positions on same pair, even setup is 100% correct
2. Sideways pattern

(Updated on 17-Dec-2016)

1. Long - SMA line should in upward direction
2. Short - SMA line should be downward direction
3. Ignore Flat SMA

Entry

1. Long - When previous H1 bull candle has clearly crossed BB main line and SMA is above BB main line.
2. Short - When previous H1 bear candle has clearly crossed BB main line and SMA is below BB main line.
3. Candle should not touch the upper/lower BB line (Optional)

Stop Loss

1. high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.

Take Profit/Exit

1. Take 2 positions of same setup, and close the first setup after taking profit and leave the another setup to run forever
2. Keep moving SL for second position as per S&R
3. Second Position - You may exit when candle touches/cross BB top/bottom line.
4. Second Position - You may exit if you have minimum 3 candles profit as part of 1:3 strategy.
5. You may exist on breakeven if setup goes in opposite direction.

I am attaching following EAs (Updated version - 09/17/2016)

1. Bk8-H1-Alerts - This EA will notify to your phone if configured on your MT4 account. Trading is disabled for now.
2. Bk8-H1-Test - This EA has trading enabled but please use it for backtest only.

Backtest result for EURUSD is 74% profit!

You may try this strategy on old charts, Good luck!

Disclaimer : USE OF THIS THREAD/SUGGESTIONS AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS!