EurUsdcountertrend_v4 trades Eur/Usd against the trend. Trading
against the trend can be a powerful forex weapon, but for most
traders
it is hard, because it feels unnatural and wrong to trade the other
way when a pair is strongly bullish or bearish; therefore it is good
to have a robot to do this trading for you. This strategy will trade
against the trend when the pair is above 60% RSI_14 on the daily
timeframe - above R1 but below R3 on Fibonacci Pivot Point hourly
timeframe; then it will execute a sell position. Below 40% Daily
RSI_14, and Fibonacci Pivot hourly between S1 and S3 it will buy. The
strategy looks at 10 second candles because there are few
opportunities for breakout-countertrading because of the strict
parameters the strategy must comply to before opening a position.
This
way the strategy gets the most trades in: an average of 45 trades a
month in this version of the strategy, taking small profits of 6 pips
on retracement every trade; Sl is set at 200 pips and slippage at 5
pips to enter as much trades as possible. I backtested a year and the
strategy made a profit of almost 650%