All orders
Rules
Specification
SIMPLE, EFFECTIVE & EFFICIENT
Any currency pair
Any time frame
Long Only:
(Must have its own input fields as the variable/criteria will be different to SHORT):
MA Period -
input field
MA Shift - input field
MA Method - input field
MA Apply to - input field
Max consecutive deals - input field (example 5)
Lot size - input field
Take Profit - input field
Stop Loss - input field
Trailing stop - input field
Methodology:
Cycle = from the time that price closes above MA (previous close was below MA) to the time price closes below MA again.
A) Open Buy 1 at price-close when price-close is above MA and previous price-close was below MA (Cycle 1 starts).
B) Close when one of the following is triggered whichever first:
- - Take Profit
- - Stop Loss
- - Trailing Stop
- - Price crosses MA
C) Once Buy 1 is open, continue consecutive buys (Example: Buy 2, Buy 3, Buy 4, Buy 5):
- - at close of each candle
- - till max consecutive deals are reached (Example : 5 deals)
- - for as long as long as price does not cross (Low) MA
D) Close all deals if price crosses (Low) MA.
E) If price closes below MA, Cycle 1 ends.
F) If price
does not close below MA but did cross the MA during the time period, Cycle 1 is still open.
If price does not close below MA but did cross it in the time period, close all open deals at cross-over price open again a Buy as
price will close above MA.
G) If Cycle 1 stays open, keep on repeating C, D & F if Cycle 1 stays open
H) If Cycle 1 ends, start again at A when a new cycle starts.
SHORT Only (Must have its own input fields as the variable/criteria will be different to
LONG):
MA Period - input field
MA Shift - input field
MA Method - input field
MA Apply to - input field
Max consecutive deals - input field
Lot size - input field
Take Profit - input field
Stop Loss - input field
Trailing stop - input field (example 5)
Methodology:Same as for LONG but just to the opposite