30 Min SSL, ATR, WAE, 200 EMA for MT4 and MT5.
This strategy uses 4 indicators:
1. SSL Channel by ErwinBeckers, set to 21 period.
2. 200 EMA
3. WAE (Waddah Attar Explosion)
4. ATR Bands by AlexanderTeaH, default settings.
Rules:
Trade only once after SSL crossing 30 min:
Long Entry
Price above the 200 EMA. (Have option to turn off 200 EMA trigger, True/False for swing trade)
SSL cross-up.
Wattah Attar above Explosion & Dead Zone lines.
Short Entry
Price below the 200 EMA (Have option to turn off 200 EMA trigger, True/False for swing trade)
SSL cross down.
Wattah Attar above Explosion & Dead Zone lines.
R:R, 40 Pip TP
1) Close trade at 40 pips TP.
2) 50% close once 40 pips hit, SL moved to BE +2 and let trade continue .
3) Once 40 pips hit move to breakeven +2 pips the first 50% and then close the trade after the next SSL cross, or wait to stop out at breakeven +2.
4) Move SL to BE+2 pips once 40 pips hits, no change in lots, let trade continue.
5) Move SL to BE+2 pips once 40 pips hits, no change in lots and then TP at 80 pips.
6) Move SL to BE+2 pips once 40 pips hits,, No TP (will close manually or SL hits)
Where to place stop-loss
2 X ATR
Have option for trading days, such as:
Trade,
Monday, true false
Tuesday, true false
Wednsday, true false,
Thursday, true false
Friday, true, false
One trade only, no multiple trades per pair
I need to be able to adjust and optimize all indicators as much as possible.
2 Options:
Percentage of equity and Dollar amount.
Here is youtube video for understanding system:
https://www.youtube.com/watch?v=U4s3WrosBpw&t=284s
I tweeked RR and TP for my liking. 40 pips RR.
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