Simple strategy suitable for classical Trade and Robot

05.09.2019 / 12:28

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Trading tools: all currency pairs
Timeframe: 1H, 4H, Daily
Indicators:
- RSI 14 with levels 30 and 70.
- 50 EMA
- 120EMA
Moving averages are used to determine the price trend for uptrend need 50 EMA is above 120: The space EMA.
The bias is given solely by RSI. When the indicator is at levels above 0.7 is considered that the price is in the over-bought zone and ahead turnaround on price, and vice versa, when the indicator was at levels below 0.3 is considered that the currency pair is in an area of over-selling. We will only interested in the signals that we filed when the indicator is between 0 and 0.3 for purchase and between 0.7 and 100 for sale.
In the chart, yellow and red arrows show where it is appropriate to enter into Trade.
%d1%81%d1%82%d1%80%d0%b0%d1%82%d0%b5%d0%b3%d0%b8%d1%8f-%d0%b3%d1%80%d0%b0%d1%84%d0%b8%d0%ba%d0%b0-%d0%b2-%d1%82%d0%b5%d0%ba%d1%81%d1%82%d0%b0
It is better to combine signals from RSI by Price action signals
SL: stop placed just below or above the signal bar.
Limit: In a long position limit search around the levels of the previous maximum, while short position limit is placed around the levels of the previous minimum.

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Simple strategy suitable for classical Trade and Robot

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