RSI_5Candles

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This is a strategy completely based on RSI indicator with additional confirmation through previous 5 candles. If RSI moves over 60 twice then it is eligible to create a sell order provided if i. Previous 5 candles strength is negative ii. Previous 5 candles whole body is above the current tick value iii. Previous 5 candle strength is at least 10 pips. Vice versa scenario is applied for buy scenario when RSI value below 40. This strategy will work nice only on pairs which does range trading. Hence chosen USDCHF! SL: 35 TP: 12
Version: Date: Status: Description:
1 02.11.2015 Comp. error RSI_5Candles  Download
ijayakumar avatar

SWISS franc is almost dead. Seems like all the banking related issues with USD and recent poor internal data is the main cause!

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