The Force 5min system
Dear funyoo,
Please take a look at this system (The Force 5min) and see if you can make an EA out of it.
The Force 5min system
Detailed below is my newest strategy. I invite everyone to try it out as it does produce good profits if traded correctly. By good profits I mean you make pips everyday even if it’s only a few. I’ve only traded this strategy on the Eur/Usd.
Details:
Name: The Force
Pair: Eur/Usd
Time: 5min
Sessions: Any, but I only trade during the Asian and euro session.
Indicators
MACD: 12,26,1 (1 means nothing)
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open
*no trades during news times*
*Risk is set to 1%*
*Take profit is random based on market conditions but ill usually cash out based on reversal patterns or a cross of the two ema's*
Trade signals are only confirmed on closed candles/bars.
Buy Signal
a) When the stochastic crosses up from the 20 line and is not overbought
b) The MACD closes higher than the previous time interval
c) The Signal candle/bar closes higher bullish
d) The 5 ema to the close has crossed the 5 ema to the open
Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
Close when the 5 ema to the close has crossed the 5 ema to the open
Sell Signal
a) When the stochastic crosses down from the 80 line and is not oversold
b) The MACD closes lower than the previous time interval
c) The Signal candle/bar closes lower bearish
d) The 5 ema to the close has crossed the 5 ema to the open
Stop Loss is the high of the previous candle or 20 pips but 20 pip min.
Close is based on price action.
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