Strategy work in EUR/CHF pair. As EUR/CHF pair movements are limited
aim of strategy is to detect when rate is set to go down and when
rate
is set to go up. For this purpose very simple indicator RSI of 1 hour
candles is used and additionally Bollinger Bands indicator of 4 hour
candles with base os EMA is used. Simply if RSI is higher than 50 and
in rate is higher than middle Bollinger band sell position is
opened and if RSI is lower than 50 and rate is lower than middle
Bollinger Band - buy position is opened. TP is set
to 9 and stop loss is set to 105. Position amount is 5M. Strategy
works whole day.
EUR/CHF movements recently are very simple thus widely used indicator
RSI and additional check by means of Bollinger Bands indicator are
quite good chose. Strategy logic is triggered in basis on onTick
method. Additionally onCandle start method is used and situation with
opened position is checked every 4 hours. If position is in negative
territory by 25 pips or more, partial close of position is executed,
i.e. 1M of position is closed.