All orders
Rules
Job finished
Specification
So, the strategy idea is really, really simple.. here is why:
The two indicators that we need in there is :
1. EMA 20/50(to see what trend we have on the market, if EMA 50 is higher than EMA 20 its only SELLS POSITIONS, if EMA 50 is lower than EMA 20 only BUYS POSITIONS.
2. Fractals(as a potential support/resistance levels).
Strategy i want to use on 5 major currency pairs, as follows : GBPUSD, EURUSD, GBPJPY, EURJPY, USDJPY. They are usually most trending ones, more volatile as well and the main edge in
this strategy is that when the BIG DAYS will come, it should make really a lot of money.
Interval: H1
So now i will explain there all strategy and how I want this to be working in the future.
Everyday, at 8:00 CET TIME I want to have 10 orders(SELL STOP + SELL LIMIT or BUY STOP + BUY LIMIT) on 5 major pairs that I wrote before. How to put the orders?
1. Just see, how is EMA 20/50 looking on interval H1(if EMA 50 is higher than EMA 20 only SELLS, if EMA 20 is lower than EMA 20 only BUYS). That's first rule: determine market trend.
2. Then, if lets say trend is SELLS, I want program to put two orders, SELL STOP and SELL LIMIT on FRACTALS that are away more than 20 PIPS from the price from 7:59 CET TIME. Orders have to be put in the market at 8:00 CET TIME. Stop loss should be around 15-30 PIPS maximum, beyond the most common FRACTALS.
3. Breakeven to be set after 40 PIPS on everypair.
4. Positions and orders to be closed at 5:00PM CET TIME.
Will put down there some photos for you to understand my conception better and make it easier. :)
If u have any question, feel free to ask cause our cooperation is really important at this stage. Thank you so much. Appreciate all your help.
