ok, here is my shot…
Use Bollinger Bands (17,1) to identify clear trends, avoid side-mkts. And Ema (4) to help find entry/close signal.
Enter a trade based on incremental differences between close of current bar data and close of previous bar data
Enter LONG If:
Close of current Bar (B1) is ABOVE the EMA of current B1… AND
BB-High1 (current Bar or B1) minus BB-high2 (previous Bar or B2) is >= (greater than) 1/3 of 1 StdDev of Current bar B1).
Means curve is getting steeper up-trend.
Enter Short if:
Close of current Bar (B1) is BELOW the EMA of current B1(fast Ema)… AND
BB-Low2 (previous Bar or B2) minus BB-Low1 (current B1) is >= (greater than) 1/3 of 1 StdDev of Current bar B1).
Means curve is getting steeper down-trend.
Hold Long or Short position until…
The close of B1 is below // or // above the EMA (reverse position)… AND
Increment of different BB value is less than (<=) 1/10 of 1 AtdDev (means curve is flattening)
Once you enter a trade signal (long or short) close all active trades except those that happen to be in same direction the new order is signaling you to go.
Only one trading position at a time.
Use of SL or TP at will, Think SL is not needed as EA will quickly stop you out if against.
Is very simple, but looks good on paper to avoid side markets and can be useful along other indicators.
1 StdDev is the difference between the up or lower band and the main (which is the SMA, in this case I am using 17)
Rgs
cipresal