The Stochastic Momentum Index Strategy is an automated version of the SMI indicator.
The SMI indicator computes two lines, the SMI data line and the SMI indicator line. This strategy waits for those two lines to cross and then places a new trade. The Stochastic Momentum Index Strategy is designed to look for, and perform best, in market conditions where prices are either overbought or oversold.
This strategy was developed on FXCodebase.
The Stochastic Momentum Index Strategy places trades when the SMI data and signal lines interact.
If the SMI data line crosses from below to above the SMI signal line, the strategy will open a sell trade.
If the SMI data line crosses from above to below the SMI signal line, the strategy will open a buy trade.
As an oscillator, this strategy will always have a trade in the market unless stops and/or limits are used.
The following inputs are available in the strategies parameter window and can be defined by the app user
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results.
There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This Strategy is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
There is no guarantee that the systems, trading techniques, trading methods, indicators will result in profits or not result in losses.
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