Hi all,
This is my first post in this forum. I trade a system which is very simple yet powerful. It is not convenient to be traded manually though, since a lot of signals can not be traded because they appear in time when I either sleep or I am at work and can not keep an eye on the charts. I need an EA which will strictly follow the rules and I believe it will be quite profitable. Here is the system:
Open 4H chart;
Plot 4EMA (close) red; 12EMA (close) dark turquoise and 50EMA (close) misty rose or white.
Plot Slow Stochastic 8,3,3.
System rules:
Long trade: open long position after 4EMA crosses up 50EMA at the opening of the next bar. %K should be above %D on the Stoch.
Short trade: open short position after 4EMA crosses down 50EMA at the opening of the next bar. %D should be above %K on the Stoch.
Close position when 4EMA and 12 EMA cross.
For the last two months I had 10 trades and I made + 544 pips.
Please introduce a compounding option in the EA. That is it: very simple and powerful.
Thanks in advance!