The strategy is based on identifying overbought and/or oversold
moments for the market entry. To do this, momentum indicators like RSI
. 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 (5 minutes, 1 hours ). The strategy is multi-instrument,
this version is using the EURCAD CADCHF CADJPY GBPCAD in the second
strategy, see below), but 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.This version includes a first strategy inside the strategy, it
is a trend strategy on the ANY (4) pair and uses Moving average (five
mints ), If price RSI 14 indicators Higher RSI 54 then sell of any
four Pair If RSI 14 indicatore go to lower RSI 45 then buy order any 4
pair to trade following the trend.The next version includes a second
strategy inside the main strategy, it is a trend strategy on the ANY
(4) pair and uses Moving average (H1), If price RSI 14 indicators
Higher RSI 72 then sell of any four Pair If RSI 14 indicatore go to
lower RSI 36 then buy order any 4 pair to trade following the trend,
strategy is based in RSI measuring overbought and oversold levelsit
trade only when the main strategy does not trade, is symmetric of
course, but is very strict and could do very little or even no trades
during the month, the SL:TP ratio of this strategy is 4.5 Finally, the
strategy also uses a martingale to try to recover from a loss. The
Stop Loss 00 no limit set: Take Profit ratio of the main strategy is
10 pip except if the martingale is used. The strategy was designed
exclusively for the Dukascopy Strategy Contest in July 2019, so will
not work correctly in a different period.
https://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=219467