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THIS IS EA for forex market for three pairs: EUR/USD, GBP/USD, USD /JPY. It uses stochastic indicator and moving average. Thy system must be automatically designed to escape emotions people usually use. When I tested it by automatically entering and exiting positions, it showed great results. Especially in trending markets. In ranges it shows good results as long as they are 10 peeps width. It is scalping system on M1 timeframe
This strategy is for pairs EUR/USD, AUD/USD, GBP/USD (only difference is that GBP USD has tp 20, and SL 30 peps)
1 To enter long candlesticks have to be above 200 MA, 2 Stochastic has to be oversold 3 When stochastic goes from oversold and crosses above 20, on candle close we open long position 4 There must not be open more than three positions in the same direction (when all three positions are open there are no other opening positions unitl one position closes) 5 TP= 10, SL= 20 6 When opening third position, the distance from second position must be 10 peps FOR SHORT POSITIONS: 7 To enter SHORT candlesticks have to be BELOW 200 MA, 8 Stochastic has to be OVERBOUGHT 9 When stochastic goes from overbought and crosses below 80, on candle close we open short position 10 There must not be open more than three positions in the same direction (when all three positions are open there are no other opening positions unitl one position closes)
5 TP= 10, SL= 20 11 TP= 10, SL= 20
12 When opening third position, the distance from second position must be 10 peps EA trades from 7AM until 22 PM London time EXAMPLE: K46C7AzI (1944×1091) (tradingview.com) FOR PAIRS: EUR/USD, GBP/USD, AUD/USD GBP/USD: TP= 20, SL= 30 peps
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