using 3 indicators to find optimum for entry and using the stroke up/down for profit, forex pairs incl gold
2. Indicators:
Schaff Trend Cycle
EMA 100
Stochastic (21, 9,9)
All with possible to switch on-off and change parameters
3. Rules to enter a long trade
The rate is above EMA-line
Wait for the Schaff Trend Cycle to reach oversold territory on the chart (-10 +10), then go long when the Schaff Trend Cycle turns back above 10, and Stocastich crosses line up
Place StopL xx pips below the entry price
Take profit: Close the trade if the Schaff Trend Cycle indicator goes below 90 (after being at 110)
4. Rules to enter short trade
The rate is under EMA-line
Wait for the Schaff Trend Cycle to reach overbought territory on the chart (90-110), go short when the Schaff Trend Cycle turns back below 90, and Stocastich crosses line down.
Place StopL xx pips above the entry price
Take profit: Close the trade if the Schaff Trend Cycle indicator moves down to -10 and then rises back above +10
5. Others/Risk management
Alternative close in 2 steps, set manual
Trailing stop active, starting when Schaff-line reaches 50; variable input
Trailing steps variable input
Time filter EA is active from – until
6. Visilability:
Show the 3 running indicators on the chart to see the conditions
In the EA information clear chapters for each parameter, money management and risk
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