I wanted to take this opportunity to thank the excellent opportunity
that Dukascopy gives us that we can test our strategies in this
contest, so that we can improve them over time.
My strategy is still very basic since I'm still too little time in the
world of Forex. This strategy is based on 2 indicators I like to use,
they are the Bollinger Bands and RSI. The strategy negotiates in the
pair EURUSD, in a period of 5 minutes.
The parameters of the BollingerBands are (20,2,2) and the RSI uses a
period of 9.
To BUY the conditions have to be the following:
- RSI upperBandBB
For each operation, the TP is 10 pips and SL is 200 pips.
To try to prevent positive positions turn into losses, the strategy
uses a TrailStop. Also included is a calculation to increase the Lots
to negotiate depending on the account equity.