FXDreamRsiBB1

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INDICATORS: Bollinger Bands and Relative Strength Index (RSI). INDICATOR TIME PERIODS: 20-days and 7-days. TIME FRAME: 5 minutes. CURRENCY PAIR: EURUSD. STOP LOSS & TAKE PROFIT: none LOT SIZE: 5m I've very simple approach in my strategy.My Strategy is based on 2 technical indicators Bollinger Bands and Relative Strength Index (RSI). Upper or lower Bollinger Band being breached to the downside or upside (lower or higher BB).Parameters involve using a 18-periods. RSI indicator moves being breached to the downside or upside (moves below 30 or above 70 level).Parameters involve using a 7-periods. I used 5 minutes time frame of the Pair EURUSD.It trigger a sell order when price closes outside of the Bollinger Bands and RSI above 70 level , the current candle's close price > upper Band and rsi > upper line,since it is believed that the currency is overbought. A buy order when the current candle's close price < lower Band and rsi < lower line (moves below 30 level), since it is believed that the currency is oversold. I've no stop loss and no take profit.
Version: Date: Status: Description:
2 05.11.2014 Not running FXDreamRsiBB1  Download
1 29.05.2014 Executed FXDreamRsiBB1  Download
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