It is simple break- out strategy. Works on all pairs and all time
frames. I choose 10 minutes time frame, because here is more signals,
but small TP. On higher time frame during month you will have only
couple of signals, but with much bigger take profit, and much bigger
stop loss. This strategy use two indicators Bollinger bands and RSI
(relative strength indicator). If last bid candle closes higher than
upper bollinger band and rsi is over 70 level, than strategy opens
short position, if last bid candle closes above lower bollinger band
and rsi is below 30 level
than strategy opens long position. Default take profit is 25 pips ant
stop loss is much
bigger witch is not good for drawdown. Strategy also use trailing
stop
when profit is bigger than 10 pips.