Open trading account 
RSIMACD_CONTeur_usdN3 RSIMACD_CONTeur_usdN3 strategy is based on the
opening trades using RSI(50) and MACD(12 26 9) momentum indicators 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 both RSI(50) and MACD(12 26 9)
indicators 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 two momentum indicators, i. e.
1H RSI(50) and 1H MACD(12 26 9). At the same time it waits for
Historical Candle opening and closing. If the height of Historical
Candle is more than 20 pips and less than 4 pips the strategy does not
open any position. Shift integer parameter of the Historical Candles
is set to 1. The indicators work as follows: if the RSI is turning
down below 50 it means that the losses are greater than the gains, and
at the same time the MACD line on 1H MACD indicator is below the
MACDSignal (MACD signal line) showing that downside momentum is
increasing, 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
MACD line on 1H MACD indicator is above the MACDSignal, which signals
upward momentum, a buy position is being opened. Signal line
crossovers provide evidence that the trend in the stock is about to
accelerate in the direction of the crossover but we need a
confirmation of the momentum as well. That’s why we are using the
RSI indicator. In this case, the centre line for the RSI is 50, which
is seen as both the support and resistance line for the 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 and SL values. However, the initial 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.
opening trades using RSI(50) and MACD(12 26 9) momentum indicators 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 both RSI(50) and MACD(12 26 9)
indicators 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 two momentum indicators, i. e.
1H RSI(50) and 1H MACD(12 26 9). At the same time it waits for
Historical Candle opening and closing. If the height of Historical
Candle is more than 20 pips and less than 4 pips the strategy does not
open any position. Shift integer parameter of the Historical Candles
is set to 1. The indicators work as follows: if the RSI is turning
down below 50 it means that the losses are greater than the gains, and
at the same time the MACD line on 1H MACD indicator is below the
MACDSignal (MACD signal line) showing that downside momentum is
increasing, 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
MACD line on 1H MACD indicator is above the MACDSignal, which signals
upward momentum, a buy position is being opened. Signal line
crossovers provide evidence that the trend in the stock is about to
accelerate in the direction of the crossover but we need a
confirmation of the momentum as well. That’s why we are using the
RSI indicator. In this case, the centre line for the RSI is 50, which
is seen as both the support and resistance line for the 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 and SL values. However, the initial 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.