Open trading account 
RSIMACD_CONTeur_usdNew 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.
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.