u say it "seems" extrmly profitable...how much did you test it? ...or did you just scroll through couple of days and it looked good? cause i can tell u from personal expierance with this currancy pair, that the SL of 15 is gonna destroy your strat...its just way to "active".
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi
I need somebody to build an EA with the following parameters:
1 minute chart - 200 MA, and 50 MA
If 50 MA crosses below 200 MA, sell GBP USD for 1-2 pips profit, with SL 10-15 pips.
The buy order is if 50 MA crosses above 200 MA.
Doing manual paper trading, these seems to be extremely profitable, because spike are seen right before the cross 80% if the time.
Works on all time frames and this method is used by institutional traders as it provides an extremely strong change in trend signal.
Papertrade it your self in GBPUSD 1 minute, you will see that this is a non-lagging indicator as huge drops or rises occur a few candle bars after the cross. On the 1 minute chart they only occur a 2-3 times a day, so it is time consuming sitting waiting for the signal. Therefore an EA would be appropriate.