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Rules
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Specification
Hi
The EA is based on 2 following breakout bars which makes each other highest high from the previous 10 bars.
This is confirmed by AMA optmized, SSMA 17 and ADX.
See below for details or check the attached chartscreen.
Hint: The coloured breakout bars in the chartcreen are from the following indikator: Mikko_breakout_bar (MT4) with changed parameter
"high/low" into "close".
A : The trading strategy is based on 2 breakout bars, confirmed with SSMA, AMA optimized and ADX.
B Rules of openning positions: (buy)
1)Bar No. 1)
a) close price greater open price;
b) close price makes 10 bar high; (highest high from the last 10 bars); (green bar from breakout indikator)
c) low price of the privious bar is greater than the value of SSMA17;
d) low price of the privious bar ist greater than the value of AMA
optimized;
2)Bar No 2)
a) bar next/following after "1" bar
b) close price greater open price;
c) close price
makes 10 bar high; (highest high from the last 10 bars); (green bar from breakout indikator)
d) low price of the privious bar is greater than the value of SSMA17;
e) low price of the privious bar ist greater than the value of AMA
optimized;
3) Value of indikator AMA optimized is higher value SSMA 17 on bar "2"
4) ADX (14) value on bar "2" is
greater than 30
5) + di (14) value on bar "2" is greater than 30
all 5 rules (1-5) need appear together for open a buy
position.
Rules of close position:
Buy position closed
1) value AMA optimized less value SSMA 17
2) bar: close price less open price;
3) close
price makes 10 bar low (lowest low from the last 10 bars); (red bar from breakout indikator)
4) high value from privious bar is less the value of SSMA 17
all 4 rules (1-4) need appear together for close the position.
