This strategy trades the EUR/USD on lower time frames (5 mins) and
opens trades when oversold conditions/overbought conditions are met
using the RSI(14),Stochastic(14,5,3),ATR(14),ADX(14) and
LAGACS(2,0.75,100) indicators.
The RSI,Stochastic and LAGACS indicators are momentum indicators used
to access the oversold and overbought conditions, the ATR indicator
is
used to access the volatility and the ADX indicator is used to access
the strength of the trend. The lot size is dynamic and risks 60% of
the equity per trade. The are 3 conditions to buy/sell....
Buy Conditon 1
ATR < 0.00065 ADX80..
Buy Condition 3
RSI90..
The stop loss level is constant for all the above conditions (20
pips)
The take Profit level varies for each condition (5,10,15)
respectively
for condition 1,2,3.
