My strategy (ver. 23) works on EURUSD and uses indicators: EMA, SMA,
RSI.
RSI is a momentum oscillator that measures the speed and change of
price movements.
RSI oscillates between zero and 100. If RSI is reading below 25, that
to mean that price action has been weak, and the asset being charted
may be ‘oversold.’ If RSI is reading above 75, then price action
has been strong, and price may potentially be over-bought.
IF emaSmall1 (10 Mins, Time Period 2, shift 1) > ema1 (Hourly, Time
Period 60, shift 1) (Up trend)
AND (smaSmall0 (10 Mins, Time Period 10, shift 0) - smaBig0 (10 Mins,
Time Period 30, shift 0) > 0.0002 OR HOUR UTC = 21 OR HOUR UTC = 22)
AND IF RSI(1 Min, Time Period 14, shift 0) < 25 - open BUY.
IF emaSmall1 (10 Mins, Time Period 2, shift 1) < ema1 (Hourly, Time
Period 60, shift 1) (Down trend)
AND (smaBig0 (10 Mins, Time Period 30, shift 0) - smaSmall0 (10 Mins,
Time Period 10, shift 0) > 0.0002 OR HOUR UTC = 21 OR HOUR UTC = 22)
AND IF RSI(1 Min, Time Period 14, shift 0) > 75 - open SELL.
IF ProfitLoss in Pips > 2 AND RSI(1 Min, Time Period 14, shift 0) >
67 - close BUY.
IF ProfitLoss in Pips > 2 AND RSI(1 Min, Time Period 14, shift 0) <
33 - close SELL.
Volume 8M. Stop Loss 100 pips. Take Profit 100 pips.
