After several publications on how to build strategies in Visual jforex and tracking of various strategies performances I decided to write one more article on several strategies usage at the same time. So in this publication I will cover 3 different strategies and its pros and cons on its usage simultaneously.
2. Strategies logic
There are 3 strategies working in different pairs: EUR/USD, USD/JPY and EUR/JPY.
All 3 strategies has very simple positions opening logic it uses 5 min. RSI to determine position opening. RSI thresholds are configurable and can be change on strategy start:
Thus simply if RSI is higher than threshold rsi_h strategy opens short position and if RSI is lower than threshold rsi_l strategy opens long position. Additionally there is check if spread is within acceptable range in order not to open positions then spread widens and also one more check is implemented which prevents increasing exposure in the same currency if certain position is already open. For example if there is already EUR/JPY long opened opening of EUR/USD long will be prevented by strategy only opening of EUR/USD short will be possible. This is realized in visual jforex in following w…