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Strategy Diamond set up

when Ma5/10, Ema50 are parallel to Mid BB, it shouldn’t be far from Mid BB

There should be 3 candel sticks to re-retest/reject Ema50 and enter on the forth one. Sometimes you get less candel sticks retesting/rejecting

You Tp when the market reach previous Low/High

SL 10 pips away

For Buy, Ema50 should be below Mid BB

For Sell, Ema50 should be above Mid BB


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EA source code required at job completion.

Standard money management.

Must work on Ecn Accounts. 

Back testable, Work on any time frame.

High quality Code

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Indicators Used Settings

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Period 5 

MA Method; Linear Weighted 

Apply to; High 

Color; Red 


Period 5 

MA Method; Linear weighted 

Apply to; Low 

Color: Magenta 


Period 10 

MA Method; Linear weighted 

Apply to; High

Color; Gold 


Period 10 

MA method; Linear weighted

Apply to; Low 

Color; White or black- depends on your background screen 


Period 50 

MA method; Exponential 

Apply to; Close

Color; Aqua 

 

Bollinger Band Settings:

Period = 20

Shift = 0

Deviations = 2

Apply to = Close

Color; Dark Blue

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