"This strategy works perfect only for AUD/NZD pair"
yes, and only in the last few month.
thats like building a car that only can drive between NYC and Washington and only in the time between July and December 2008.
;-)
lol Mr. Perfect.
Rather blindly saying it will work only for few months, its always better to get an ea and back test it...
FinGeR:
lol Mr. Perfect.
lol Mr. Perfect.
maybe we should name such EAs something like a typical "route 66 in 1980"-EA ;-)
Without making a try, you guyz blindly make fun of the concept...

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This strategy works perfect only for AUD/NZD pair
Strategy:
Attach Moving Average indicator with period 50 in H4, H1 and H5 charts of AUD/NZD.
Conditions to place a buy order:
1) The candle should cross above the red line in H4
2) The candle should cross above the red line in H1
3) The candle should cross above the red line in M5
4) Only first time when all the conditions meet in a day, buy order should be placed and it should be only once in a day
5) The order should be placed when the candle crosses 5 to 10 pips above the red line in m5(Also check whether it has
crossed the red line in h4 and h1). If it crossed more than 10 pip in m5, don't place the order.
Conditions to place a sell order:
1) The candle should cross below the red line in H4
2) The candle should cross below the red line in H1
3) The candle should cross below the red line in M5
4) Only first time when all the conditions meet in a day, buy order should be placed and it should be only once in a day
5) The order should be placed when the candle crosses 5 to 10 pips below the red line in m5(Also check whether it has
crossed the red line below in h4 and h1). If it crossed more than 10 pip in m5, don't place the order.
Take Profit = 60
Trailing Stop = 15
Stop Loss = 50