Hi everyone !
I’ve just come up with a trading system, and i’d also like to automate it if possible in order to backtest.
Indicator used:
- 10MA Exponential
- Heiken Ashi
- Tenkan Sen From Ichimoku (red line)
Here’s how it works:
ENTRY:
-Long: Candle closes over the 10MAE and TenkanSen, and the heinkenAshi is bullish aswell as the candle.
-Short: Candle closes under the 10MAE and TenkanSen, and the HeikenAshi is bearish aswell as the candle.
CLOSING:
-Long: Candle closes with a bearish HeikenAshi.
-Short: Candle closes with a bullish HeikenAshi.
OR/AND: TenkanSen acts as a Stop Loss and even Trailing Stop.
Money Management:
I would consider having a 2-5% risk on each trade since the stoploss will uselly be relatively near to the entry. The Risk/Reward ratio will defintely be at least 1:2 (i presume).
That’s it!
You can obviously use the same parameters in a support/resistance breakout strategy.
If anyone could make an EA out of this it would be wonderful!
THANK YOU !
PS: Here’s a screenshot:GBPUSD DAILY
