The strategy is based on identifying overbought and/or oversold
moments for the market entry. To do this, momentum indicators like
RSI
Lower Bands and Upper Bands SMA are used. At the same time, it is
verified that the market in the long and medium term has a compatible
trend with the entry type (BUY/SELL), for this purpose different
moving averages are used with varying timeframes 1 hours . The
strategy is two-instrument, this version is using the EURUSD Second
GBPUSD in the second strategy, see below), in future versions could
use more & different pairs. The strategy uses money management to
determine the trade volume, but allows the entry of a fixed volume
thus disabling money management. The strategy is selective in terms
of
the time to trade. it is a trend strategy on the ANY (2) pair and
uses Mov average (H1), If price RSI 14 indicators Upper Bands Higher
RSI 72 then sell of Pairs If RSI 14 indicatore Lower Bands go to
lower
RSI 27 then buy order pairs to trade following the trend, The Middle
Band 50 will only help to confirm a trend so this strategy is based
in
RSI The Lower and Upper Bands indicators is used to identify a new
trend of warn of extreme conditions, measuring overbought and
oversold
levelsit trade only when the main strategy does not trade,but is very
strict and could do very little or even no trades during the month,
the SL:TP ratio of this strategy is 6.3. slipPage set to 9 Finally,
the strategy also uses a martingale to try to recover from a loss.
The
Stop Loss 45 no limit set: Take Profit ratio of the main strategy is
10 pip except if the martingale is used. The version 2.12 fixes a bug
in the trade time range. The strategy was designed exclusively for
the
Dukascopy Strategy Contest in May 2017,