Strategy Author:
Urban Sotensek.
EA Author:
Last Versions:
Trading Strategy Overview
Up/Selling Strategy
ENTER: First, wait for the up arrow signal.
- GUPPY MMA: Ensure that the green lines are above the red ones! The green, red, and yellow lines should all be pointing upwards in unison.
- LAGUERRE: The Laguerre indicator needs to cross the 0.15 level from below.
- MACD: This is crucial! The MACD should be above 0 when you get the signal.
STOP-LOSS: Set your stop-loss 5 points (+ spread!) below the LOW of the current candlestick.
ALTERNATIVE STOP-LOSS: Use 20 points for standard pairs and 25 points for more volatile pairs like GBP and cross currencies. Choose the stop-loss method that fits your trading style.
EXIT (combined): If you have an open position, consider closing half at the first checkpoint and letting the remaining part ride until the Slope Direction line turns red.
ALTERNATIVE EXIT: Feel free to implement your own exit strategy—close positions at checkpoints, when the Slope Direction line turns red, or when a new candlestick opens on the opposite side of the volatility channel.
Down/Selling Strategy
ENTER: First, wait for the down arrow signal.
- GUPPY MMA: Ensure that the green lines are below the red ones! The green, red, and yellow lines should all point downwards together.
- LAGUERRE: The Laguerre indicator needs to cross the 0.75 level from above.
- MACD: This is crucial! The MACD should be below 0 when you get the signal.
STOP-LOSS: Set your stop-loss 5 points (+ spread!) above the HIGH of the current candlestick.
ALTERNATIVE STOP-LOSS: Use 20 points for standard pairs and 25 points for more volatile pairs like GBP and cross currencies. Choose the stop-loss approach that fits your trading style.
EXIT (combined): If you have an open position, consider closing half at the first checkpoint and letting the remaining part ride until the Slope Direction line turns blue.
ALTERNATIVE EXIT: Implement your own exit strategy—close positions at checkpoints, when the Slope Direction line turns blue, or when a new candlestick opens on the opposite side of the volatility channel.
Visual Overview:
The system based on Trend Follower
Tips for Success:
- Always optimize and backtest your EA.
- Experiment with different exit methods to find what works best for you.
- Regularly review your stop-loss strategies.
- For a deeper dive into the EA parameters and the
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