My strategy (ver.8) 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 27, that to mean that price action has been weak, and
the asset being charted may be ‘oversold.’ If RSI is reading above
73, 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
AND IF RSI (1 Min, Time Period 14, shift 0) < 27 - 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
AND IF RSI (1 Min, Time Period 14, shift 0) > 73 - open SELL.
IF ProfitLoss in Pips > -10 AND RSI (1 Min, Time Period 14, shift 0) >
78 - close BUY.
IF ProfitLoss in Pips > -10 AND RSI (1 Min, Time Period 14, shift 0) <
22 - close SELL.
Volume = 0.00002 * Equity. Stop Loss 250 pips. Take Profit 100 pips.
