Eursignalfromjpy

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Eursignalfromjpy. Trading is going on eur/usd pair. But signal for trade on asian session taken from jpy/usd pair, instead eur/usd as first is a bit active on this session. Idea that motion in major pairs will be caused by motion in dollar. Signal taken via RSI indicator with very small settings, it just period 6 on 5 minute frame. Such settings will cause immediately opening of order often, almost each time. As opening of trade is time of opening asian session, and market wakes up after night rollover. RSI is popular indicator as MACD, CCI, ATR and few others. All indicators are transforming prices of chart in new perception, sometimes using also volume ticks. So my strategy should have same result with other indicators, if its taken small settings of them. With settings in order on stop loss - 70 points and maximal lot ( until 15 lots ), it has negative trade around 2 times per month, but its not rare when month is going without these losses. Such month should has great drawdown rating maybe near 50 points. With settings in order on take profit - 4 points, this small distance should help with finishing trade even in day with low volatility like bank holidays days. This modest take profit should be a bit increase if strategy should pretend on first places in contest.
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