15-min 60 WMA (15-min 60 WMA) | Foreign Exchange EA Download- MT4/MT5 Resources
hi guys
I have tested dozens of strategies posted here and most of them that have been profitable for me have been a matter of me varying them slightly based on my trading style and working hours.
Now I want to post my new strategy here. I like simplicity, so here it is:
1. Time: 15 minutes
2. WMA: 60
1. The bar/candle close should be above the 60 WMA. Find the last local maximum (wiggle).
Set the buy stop 2 pips + pips above the last local high. Stop loss is 2 points below the last local low (swing).
Exit: When the bar/candlestick closes below the 60 WMA, set the sell stop 2 pips below the last local low (swing).
1. The bar/candle close should be below the 60 WMA. Find the last local minimum (wiggle).
Set your sell stop 2 pips below the last local low. The stop loss level is 2 points higher than the last local maximum (swing).
Exit: When the bar/candlestick closes above the 60 WMA, set the buy stop 2 pips above the last local high (swing).
More examples: http://www.forexfactory.com/showthre...56#post5563556
Example:
I have attached 2 screenshots.
P.S.
If the high (low) of the bar is higher (low) than the last swing, then you need to look for the previous swing and set a buy stop (sell stop) there.
Attached screenshot. (Figure 3) More examples: http://www.forexfactory.com/showthre...56#post5563556
I have tested dozens of strategies posted here and most of them that have been profitable for me have been a matter of me varying them slightly based on my trading style and working hours.
Now I want to post my new strategy here. I like simplicity, so here it is:
1. Time: 15 minutes
2. WMA: 60
1. The bar/candle close should be above the 60 WMA. Find the last local maximum (wiggle).
Set the buy stop 2 pips + pips above the last local high. Stop loss is 2 points below the last local low (swing).
Exit: When the bar/candlestick closes below the 60 WMA, set the sell stop 2 pips below the last local low (swing).
1. The bar/candle close should be below the 60 WMA. Find the last local minimum (wiggle).
Set your sell stop 2 pips below the last local low. The stop loss level is 2 points higher than the last local maximum (swing).
Exit: When the bar/candlestick closes above the 60 WMA, set the buy stop 2 pips above the last local high (swing).
More examples: http://www.forexfactory.com/showthre...56#post5563556
Example:
I have attached 2 screenshots.
P.S.
If the high (low) of the bar is higher (low) than the last swing, then you need to look for the previous swing and set a buy stop (sell stop) there.
Attached screenshot. (Figure 3) More examples: http://www.forexfactory.com/showthre...56#post5563556
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