Strategy works on one hour chart on the GBPUSD.
Sell when 200ema is less than the 20ema,hourly candle close is below
200ema, hourly close below 800sma, hourly close below 50ema and
20ema,
50ema >20ema,and rsi(14) < 45. Tp =3pips , Sl=11pips.
Buy when 200ema >800sma,hourly candle close is above 200ema, hourly
close above 800sma, hourly close above 50ema and 20ema, 50ema >20ema,
and rsi(14) > 55. Tp =3pips , Sl=11pips
The strategy is to determine the trend, then look for retracement
level to open trades.
In version 2, rsi indicator is removed, and volume is increased to
7M,
Sl=28pips , Tp=40pips