Hi every one
I would like to share my strategy with traders … I manually back-tested this strategy on past 10 day trade range and I found nice result …but for long term i wanna make back test to deeper to past but manually its very hard job, maybe some experienced programmer could help me with that…first at all I need tester for strategy For MT4 and than som automatic trading …perhaps someone will find some additional indicator to optimize this strategy …
however enjoy it and send me please some comments and suggestions
thanks
Marek
15 Min Divergence Profit Strategy
Definitions
System use 15 min Time frame on symbols GBPUSD, EURUSD, USDJPY and use indicator Stochastic IndicatorMTF. Trading ours from 8.00 to 20.00 (8.00. PM) GMT +1
Entry
Signal for entry its divergence on Stochastic Indicator MTF ( you can see blue (long) and red arrows (short) Enter its on next open bar Enter its with 3 lots or 3mini lots or 3 micro lots
Risk Management
Setup for stop loss on long position is 10 pips below low signal Bar (signal bar its when you see arrows ) Setup for stop loss on Short position is 10 pips above High signal Bar (signal bar its when you see arrows) After closing 1st part of position we move SL to Break even BE All open position we are closing at 20.00 (8.00 PM)GMT+1
Profit Management
First target is 10 pips above open in Long Position or 10 pips below open in Short position where we close 1/3 our position and SL move to BE Second target is 15 pips above open in Long Position or 10 below open in Short position where we close 2/3 our position and SL leave on BE Third target we have open until we don’t see signal against our position, close 3/3 our position on open next bar after Signal Bar against our position. (If we are long and we see signal to short we close position on open next bar )
Adding to position to our trend we can add but keep same rules but be carefull with account with FIFO rules .