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using 3 indicators to find optimum for entry and using the stroke up/down for profit, forex pairs incl gold

2. Indicators:

Schaff Trend Cycle

EMA 100

Stochastic (21, 9,9)

All with possible to switch on-off and change parameters

 

3. Rules to enter a long trade

The rate is above EMA-line

Wait for the Schaff Trend Cycle to reach oversold territory on the chart (-10 +10), then go long when the Schaff Trend Cycle turns back above 10, and Stocastich crosses line up

Place StopL xx pips below the entry price

Take profit: Close the trade if the Schaff Trend Cycle indicator goes below 90 (after being at 110)

 

4. Rules to enter short trade

The rate is under EMA-line

Wait for the Schaff Trend Cycle to reach overbought territory on the chart (90-110), go short when the Schaff Trend Cycle turns back below 90, and Stocastich crosses line down.

Place StopL xx pips above the entry price

Take profit: Close the trade if the Schaff Trend Cycle indicator moves down to -10 and then rises back above +10

 

5. Others/Risk management

Alternative close in 2 steps, set manual

Trailing stop active, starting when Schaff-line reaches 50; variable input

Trailing steps variable input

Time filter EA is active from – until

 

6. Visilability:

Show the 3 running indicators on the chart to see the conditions

In the EA information clear chapters for each parameter, money management and risk

 


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