A very simple strategy based on the crossing of 2 oscillators. It works well on EUR USD 1 H and forex in general
The strategy also embed a trailing stop that start at 20 pips profit with a step of 5 pips.
Be sure to have the “StocEvo” indicator in your platform (download the attached files and import them to be sure, otherwise the strategy will not work).
sel, ses, ignored = CALL StocEvo[21]
//condition to enter long
b1 = sel crosses over ses
b1 = b1 and sel > 36
IF NOT OnMarket AND b1 THEN
BUY 1 CONTRACTS AT market
ENDIF
// condition to exit long
b2 = sel > 53
If LongOnMarket and b2 THEN
SELL AT MARKET
ENDIF
// condition to enter short
//se1 = ses crosses over sel
s1 = s1 and ses > 36
IF NOT OnMarket AND s1 THEN
SELLSHORT 1 CONTRACTS AT market
ENDIF
// condition to exit short
s2 = ses > 53
IF ShortOnMarket and s2 THEN
EXITSHORT AT MARKET
ENDIF
//trailing stop function
trailingstart = 20
trailingstep = 5
//reset the stoploss value
IF NOT ONMARKET THEN
newSL=0
ENDIF
//manage long positions
IF LONGONMARKET THEN
//first move (breakeven)
IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN
newSL = tradeprice(1)+trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN
newSL = newSL+trailingstep*pipsize
ENDIF
ENDIF
//manage short positions
IF SHORTONMARKET THEN
//first move (breakeven)
IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN
newSL = tradeprice(1)-trailingstep*pipsize
ENDIF
//next moves
IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN
newSL = newSL-trailingstep*pipsize
ENDIF
ENDIF
//stop order to exit the positions
IF newSL>0 THEN
SELL AT newSL STOP
EXITSHORT AT newSL STOP
ENDIF
SET STOP %LOSS 0.45
// stokEvo oscillator
if low < low[1] then
llv = (highest[b](low)-low)/(highest[b](low)-lowest[b](low))
else
llv = 0
endif
LLSv = exponentialAverage[b](LLv)*100
if high > high[1] then
hhs = (high - lowest[b](high))/(highest[b](high)-lowest[b](high))
else
hhs=0
endif
hhsv = exponentialaverage[b](hhs)*100
return hhsv coloured(0,250,0) style(line,2),llsv coloured(300,0,0) style(line,2),50 coloured(300,0,0) style(line,2)