Strategy Instructions: Currency pair: EUR/USD and Time-frame: M30.
Strategy Explained: Strategy is founded on the equation resistance over support AND the theory that the market moves in trends or consolidated horizontal movement containing smaller ranges.
Strategy Objective: Capture profits of trends AND ranges.
1. To capture small range profits, the EA uses small moving averages like an EMA period of 5 and an SMMA period of 25.
2. To capture large trends, the EA uses larger moving averages such as an SMMA period of 50 and an SMMA period of 200.
Strategy Open Signal: Open buy/sell order of 0.04 lots when SMMA period of 1 crosses above/below SMMA period of 200.
Strategy Close Signal: Close buy/sell orders of 0.01 lots when SMMA period of 1 crosses back below/above slower moving averages of EMA 5, SMMA 25, SMMA 50, and SMMA 200. (partial order close function included )
Strategy Strengths:
1. Big Breakouts
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