Trading strategy - Slingshot

Very simple trading system which uses exponential moving averages EMA c period 10. Tested this trading system only two currency pairs.
Pairs to trade
-EUR/USD
-EUR/CAD
Setup graphics.
Time interval: 1-hour candlestick chart.
- EMA with a period of 10 at the price highs.
- EMA with a period of 10 at the price lows.
- EMA with a period of 10 according to closing prices.
 
Rules for long positions.



1) Buy one lot when the price closes under 10ЕМА on price highs, but over 10ЕМА on the closing prices. The previous candle must close above 10ЕМА on price highs.



2) the Stop for this lot is placed at the level 10ЕМА at the prices lows.



3) If we have already opened a long position in one lot and ONLY IF the price closed above 10ЕМА on price highs, we add two additional lots, each separately. Now we are working with three lots.



4) Shift stop on the first lot to break even.



5) Stop at the second lot placed on 10ЕМА closing price.



6) Stop on the third lot posted on 10 EMA on price lows.



7) In this strategy does not use limit orders, open positions are closed only when the trigger stops. We transfer lots 2 and 3 when driving 10ЕМА closing price and 10ЕМА at the prices lows. When 10ЕМА at prices lows reaches break even for the first lot, we also begin to adjust the stop to the first lot on 10ЕМА at the prices lows. Ie from this point we move feet for lots 1 and 3 at 10ЕМА for prices and minimums for lot 2 at 10ЕМА closing price.
 
Rules for short positions.



1) Sell one lot when a candle closes above 10ЕМА at prices lows, but below 10ЕМА closing price. The previous candle must close under 10ЕМА at the prices lows.



2) the Stop for this lot is placed on 10ЕМА on price highs.



3) If we have already opened a short position ONLY IF the price closed under 10ЕМА prices are at the lows, we sell the two lots separately. We now have three lots.



4) Shift stop on the first lot to break even.



5) Stop on the second lot should be placed on level 10ЕМА closing price.



6) Stop on the third lot should be placed on 10ЕМА on price highs.



7) this strategy is not used the limit order, and all positions are closed only when the trigger stops. We carry feet for lots 2 and 3 after 10ЕМА closing price and 10ЕМА on price highs, respectively. When 10ЕМА at the prices of highs reaches the break-even point for the first lot, wait for the first lot back on 10ЕМА on price highs. I.e. from this moment the foot for lots 1 and 3 are transferred after 10ЕМА on price highs, the stop for lot 2 to be transferred after 10ЕМА closing price.
 
Example Slingshot Strategy for a long position.









Notes:



1) We buy one lot on the red candle that closed under 10ЕМА on price highs, but over 10ЕМА closing price. The previous candle closed above 10ЕМА prices are at the highs, i.e. you have fulfilled all the entry rules. Place a stop on level 10ЕМА at the prices lows.



2) Buy two more lots, as the price closed above 10ЕМА on price highs. Now we hold three lots. Shift stop for our first lot to break even. Feet for lots 2 and 3, placed at 10ЕМА closing price on 10ЕМА at prices lows, respectively.



3) Our second lot was closed by stop loss-8 pips as price reached 10ЕМА on closing levels. At this point we are left with 2 lots. Since EMA on price lows crossed up break even for our first lot, now we carry feet for lots 1 and 3 on 10ЕМА at the prices lows.



4) Lots 1 and 3 were closed in the footsteps of a profit of 55 pips and 78, respectively.
 
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