This strategy initiates trades based on slow stochastic's overbought and oversold levels. The strategy will buy when certain oversold conditions are met and sell when certain overbought conditions are met.
Buy Logic
A market order to buy will be generated at the open of the next bar if the following conditions are met:
1. SlowK line crosses above the SlowD line
2. SlowK value is less than the oversold level
Sell Logic
A market order to buy will be generated at the open of the next bar if the following conditions are met:
1. SlowK line crosses below the SlowD line
2. SlowK value is greater than the overbought level
Stop and limit levels can be specified when formatting the strategy inputs. This strategy also has the option for email alerts. The email alert can be selected when formatting the strategies inputs.
This strategy uses Keltner Channels for buying and selling. If
Buying logic
An entry order to buy at the high price of the current bar will be generated if the current bar crosses the upper band.
Selling Logic
An entry order to sell at the low price of the current bar will be generated if the current bar crosses the lower band.
Here's a list of the inputs you will be able to modify when adding the EA:
Keltner Channel Indicator
Length = 20
Numatrs = 1.5 -> this value is multiplied by the average true range of the current bar to determine the distance from the upper and lower bands to the midline.
Other inputs / default values
Limit = 0
Stop = 0
Use SSL = False
Port = 25
Trailing Stop = 0
Email Alert = False
Basic automated strategy using the CCI indicator. Strategy will buy when CCI crosses above oversold (default -100) and strategy will sell when CCI crosses below overbought. If 0 is input as stop or limit, the strategy will default to stop and reverse logic.
This indicator combines the overbought and oversold logic of Bollinger Bands and that of the Relative Strength Index. When the RSI line crosses below the upper bollinger band from above, it is a signal to sell. When the RSI line crosses the lower bollinger band from below, it is a signal to buy.
The trade session indicator will draw a box around the the candlesticks occurring during the relevant major forex trading periods: NY, London, Tokyo & Australia. You can specify the color for each period in the inputs menu.
The economic calendar indciator will post economic news announcements directly onto the chart along with the actual figure released. The indicator will display any economic events relevant to the currency pair displayed in the chart. For example if you are viewing USD/JPY, it will display economic releases relevant to the US and Japan. The indicator pulls data from the DailyFX economic calendar.
The equity plotter will plot the profit/loss from automated strategies for particular currency pairs directly onto the currency pair chart. This becomes useful if you're running strategies on multiple currency pairs. The indicator will allow you to view profit/loss broken down by currency pair to quickly evaluate strategy performance by currency pair. The attached image gives an example of the equity plotter on the AUD/NZD and EUR/GBP pairs running the Grid Strategy. The equity plotter shows that AUD/NZD has an overall loss of $182.70 whereas EUR/GBP has an overall profit of $242.74. Helps you easily compare and identify which pairs have been most profitable.
December 1st, 2010
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Jason Rogers
One of the biggest requests for Strategy Trader has been for better coding documentation. The coding help document was recently revised (and greatly improved) so I thought this would be a beneficial document to upload before posting any indicators or strategies.