This is a jforex Strategy that subscribes EURUSD currency and uses
the
indicators: RSI (Relative Strength Index), SMA (Simple moving
Average)
and EMA (Exponential Moving Average).
Bug Fix, The strategy had a error in a "IF" box (The name of the
first
parameter was wrong)
The time frame is 15 minutes. The RSI is applied to the Open price
with 10 and 14 periods and the trigger is 50 %. The SMA and EMA are
applied to the Close price with 10 periods.
The Strategy is: When the RSI (10 periods) is greater than 50% and
RSI
(14 periods) is greater than 50% and the SMA and EMA is greater than
the last bid bar close price then is doing new SELL order. When the
RSI (10 periods) is lower than 50% and RSI (14 periods) is lower than
50% and the SMA and EMA is lower than the last bid bar close price
then is doing new BUY order.
The orders have a short TP and a long SL.