Strategy works on USD/JPY, on european trading session. After 1 hour
of opening in London, opens one trade on usd/jpy. Used simple
condition for opening, taking RSI on timeframe 5minutes with period of
6. If RSI is more then 70, then open buy position, if RSI is lower
then 30, then open sell postion.
Usd/jPy should be more patient in european session, script catches
fast movements in the half-hour interval, and closes a small take
profit to make a profit. The quiet hour between European and American
sessions helps to make this small profit, and slightly reduces the
chance of getting a margin call. Lot of position is maximal, take
profit is 4 pips, stop loss is 70 pips. Plus of such strategy that
drawdown is saved with maximum 50 points.