RSIMACD_CONTeur_usdN1

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RSIMACD_CONTeur_usdN1 strategy is based on the opening trades using RSI(14) momentum indicator and Historical Candles. The strategy works for both side trades opening. The strategy is adjusted to open orders one time per hour in case the all parameters set are in line. Just one order could be opened simultaneously. I use 1H period for RSI(14) indicator as well as for Historical Candles. First of all the strategy evaluates number of open positions. When open positions amount is zero the strategy evaluates momentum indicator, i. e. 1H RSI(14) At the same time it waits for Historical Candle opening and closing. If the height of Historical Candle is more than 30 pips and less than 4 pips the strategy does not open any position. Shift integer parameter of the Historical Candles is set to 3. The indicator work as follows: if the RSI is turning down below 50 it means that the losses are greater than the gains, a sell position is being opened. However, when the RSI is above 50, it means that the gains are greater than the losses and the buy position is being opened. We need a confirmation of the momentum that’s why we are using the RSI indicator. I use EUR/USD pair just because I am watching it for a quite long time, so in comparison with other currency pairs the movement of EUR/USD is better known for me. More over the EUR/USD volatility is not too high and it significantly decreases the risk of big losses. I have set changeable TP values. The SL has been set at 200 pips, in my opinion it’s the optimal figure taking into account the recent volatile market. The low settings of SL in such a situation could lead to often and significant losses. The initial TP has been set at 6 pips, it was configured by my personal experience I gained working with EUR/USD. The initial trade volume has been set at 6 lots.
Version: Date: Status: Description:
7 10.09.2019 Not running RSIMACD_CONTeur_usdN1  Download
6 02.09.2019 Executed RSIMACD_CONTeur_usdN1  Download
3 26.04.2018 Not running RSIMACD_CONTeur_usdN1  Download
2 25.01.2018 Not running RSIMACD_CONTeur_usdN1
1 25.01.2018 Not running RSIMACD_CONTeur_usdN1
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