This is a profitable strategy script I created to teach my students how to automate their scripts using 3rd party APIs (more info available in my profile link at the bottom of this page).
What Is This?
This strategy is called the "Follow The Bear" strategy.
It's a forex trading strategy designed for one purpose and one purpose only: to take...
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance. The basis is calculate off of the Volume Weighted Moving Average. The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
This strategy uses divergences between three exponential moving averages and their slope directions as well as crosses between the price and these moving averages to switch between a long or short position. The strategy is non-stop in the market and always either long or short.
In addition the moving averages and price bars are colored depending if they are...
Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated.
There are 3 main components that make up Forex Master v4.0:
MACD strategy with a specified level the MACD and signal line must be under. Once the two lines cross under the specified level, a long entry is executed. When the MACD line crosses over the historian, the close entry will be executed. This strategy is designed around the high probability of a reversal in an under-bought trend.
(i) Arrow represent trade setup
(ii) Circle represent triggering of the trade
1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
Today I am glad to bring you an amazing simple and efficient scalper strategy.
Best suited for 1M time frame and majors currency pairs.
Its made of :
Ema (exponential moving average) , long period 25
Ema(exponential moving average) Predictive, long period 50,
Ema(exponential moving average) Predictive, long period 100
Risk management , risking % of...
Hello, This is the first indicator I have made and would like to contribute to the community.
This strategy came from trying to replicate a previous ADX Cross Indicator that I loved on MT4 which I used successfully on EUR/USD on high and low time frames. Through the process of trying to replicate it I failed, I decided to take what I had written so far and create...
This is ATR in pips. This was requested by user @ElixiumCapital on Twitter. ATRPIPs in his words:
How to use: Change the chart to the Daily time frame. The indicators value e.g. 0.0105 means that the average daily range of the past 5 trading days is 105 pips. (On standard pairs like EURUSD, GBPUSD)
"ATR PIPs is useful for finding markets with your desired...
This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
The Grover Llorens Activator is a trailing stop indicator deeply inspired by the parabolic SAR indicator, and aim to provide early exit points and reversal detection. The indicator was posted not so long ago, you can find it here :
Today a strategy using the indicator...
This indicator colors volume bars that are significantly higher volume than the vol moving average ( SMA ). Utilizes two multiplier that can be adjusted by user. Defaults are that the indicator colors volume bars yellow if 20% higher than average, and orange if over 50% higher than average.
Reason why i created this indicator is i typically don't care about...
VERY IMPORTANT : THIS STRATEGY WAS MADE WITH LEVERAGE IN MIND
You need atleast 20X LEVERAGE ACCOUNT IN ORDER TO WORK PROPERLY.
With high rewards come high risk .
If you dont want to use leverage, use a risk % of less than 0.25 %.
The below example is without use of leverage on a capital 100.000 risking only 0.25% on each trade
This is a breakout strategy,...
Sharing one more strategy after getting good feedback on my earlier published strategy.
This is simple volatility stop strategy where in we are using VStop as entry and exit point.
Again smart traders can add MA to decide the trend and can avoid trading in opposite direction of trend which will help them to minimize...
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long...
Please do read the information below as well, especially if you are new to Forex.
The Cowabunga System is a type of Mechanical Trading System that filters trades based on the trend of the 4 hour chart with EMAs and some other familiar indicators (RSI, Stochastics and MACD) while entering trades base on 15 minute chart.
I have coded (quite amateurishly) the basic...
This Indicator shows you the strength of the Currency in comparison for all other Main Currencys at the timeframe you choose.
The Currencys in this Indicator is: EUR, USD, GBP, CHF, AUD, CAD, JPY
The Base is the RSI (relative strength Indicator) with the following Currency pairs:
eurusd, eurgbp, euraud, eurjpy, eurcad, eurchf
usdeur, usdgbp, usdaud, usdjpy,...