New trading strategy

To add comments, please log in or register
knvsantosh
235
knvsantosh  

Trading Strategy

Indicators:

1). Bollinger Bands

2). Simple Moving Average (8)

Long Entry :

Simple Moving Average crossing above middle bollinger band.

Long Exit : Simple Moving Average crossing below middle bollinger band.

Short Entry : Simple Moving Average crossing below middle bollinger band.

Short Exit : Simple Moving Average crossing above middle bollinger band.

this is the strategy anybody please design EA for this strategy and how to design template for this strategy.

Lot : 1

target pips : 30

stop loss : 25

trailing stop : 30

these are the specifications.

regards,

k.n.v.santosh

cucurucu
463
cucurucu  

Hi knvsantosh

Did you know that the "middle band" is actually the SMA20? Well, it is.

So, your strategy is basically a crossing of SMA8 with SMA20.

You must come up with another exit stategy, because the SMA8 can move up & down crossing the SMA20 many times during one bar period. This will result in many consecutive open&close orders, thus resulting in losses.

What do you think? How should the EA exit?

I think that it will be better to add other indicators/filters to this strategy. There will be many whipsaws which will make the EA to open a bad trade.

Another problem is TP and TS. You said that TP=TS=30. What's the point of TS then?

Bye.

BrunoFX
1177
BrunoFX  

Hello knvsantosh,

can you attach an image, please?

To add comments, please log in or register