EurUsdcountertrend_v4

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EurUsdcountertrend_v4 trades Eur/Usd against the trend. Trading against the trend can be a powerful forex weapon, but for most traders it is hard, because it feels unnatural and wrong to trade the other way when a pair is strongly bullish or bearish; therefore it is good to have a robot to do this trading for you. This strategy will trade against the trend when the pair is above 60% RSI_14 on the daily timeframe - above R1 but below R3 on Fibonacci Pivot Point hourly timeframe; then it will execute a sell position. Below 40% Daily RSI_14, and Fibonacci Pivot hourly between S1 and S3 it will buy. The strategy looks at 10 second candles because there are few opportunities for breakout-countertrading because of the strict parameters the strategy must comply to before opening a position. This way the strategy gets the most trades in: an average of 45 trades a month in this version of the strategy, taking small profits of 6 pips on retracement every trade; Sl is set at 200 pips and slippage at 5 pips to enter as much trades as possible. I backtested a year and the strategy made a profit of almost 650%
Version: Date: Status: Description:
4 26.02.2015 Not running EurUsdcountertrend_v4  Download
3 10.02.2015 Not running EurUsdcountertrend_v4  Download
2 12.06.2014 Executed EurUsdcountertrend_v4  Download
1 01.06.2014 Executed EurUsdcountertrend_v4  Download
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