My strategy won in august contest of strategy contest the first rank by my strategy (loserwinner) .
i'm going to explain in simple way the structure of this strategy and how it make good performance this month .
Pair : gbp/usd .
lot size : 15M .
timeframe : 4 hours .
i use 4 indicators on this strategy are :
1- RMI(14) with time frame 4 hours .
2- STOCH with time frame 4 hours .
3- RSI(7) with time frame 4 hours .
4- CCI(14) with time frame 4 hours .
the strategy explanation :
first of all this strategy depends on make fast profits and close the trade very fast . this strategy can't make more than 1 trade at every 4 hours and only can open it when the prices move strongly .
this strategy can open buy trades at this case only : RMI indicator with time frame 4 hours > 5 and RSI indicator with time frame 4 hours > 30 and stochastic level >2 and finally cci indicator > -500 .
& can open sell trades in this case : RMI indicator with time frame 4 hours < 95 and RSI indicator with time frame 4 hours < 70 and stoch level with time frame 4 hours < 98 and finally CCI level with time frame 4 hours < 500 level .
Let's see some charts to see how this strategy work : ( the explanation on the charts )
at the end :
this strategy can work good at the days with high volatility and strong rallies that help to open more trades on the way of this rallies and can make good profits at short time . but in the quite trading days it will open fewer trades and can hit more stop losses .
i'm going to explain in simple way the structure of this strategy and how it make good performance this month .
Pair : gbp/usd .
lot size : 15M .
timeframe : 4 hours .
i use 4 indicators on this strategy are :
1- RMI(14) with time frame 4 hours .
2- STOCH with time frame 4 hours .
3- RSI(7) with time frame 4 hours .
4- CCI(14) with time frame 4 hours .
the strategy explanation :
first of all this strategy depends on make fast profits and close the trade very fast . this strategy can't make more than 1 trade at every 4 hours and only can open it when the prices move strongly .
this strategy can open buy trades at this case only : RMI indicator with time frame 4 hours > 5 and RSI indicator with time frame 4 hours > 30 and stochastic level >2 and finally cci indicator > -500 .
& can open sell trades in this case : RMI indicator with time frame 4 hours < 95 and RSI indicator with time frame 4 hours < 70 and stoch level with time frame 4 hours < 98 and finally CCI level with time frame 4 hours < 500 level .
Let's see some charts to see how this strategy work : ( the explanation on the charts )
at the end :
this strategy can work good at the days with high volatility and strong rallies that help to open more trades on the way of this rallies and can make good profits at short time . but in the quite trading days it will open fewer trades and can hit more stop losses .