This is a follow trend strategy algorithm. The follow trend is
basically open a position with the same direction that the actual
price action. This Strategy only traded EURUSD pair from Monday to
Friday. It uses the RSI (Relative Strength Index) indicator configured
with Ten minutes Timeframe, twelve periods related to offer side ASK
and crossed with the EMA indicator. The trigger values are 45 and 55
values from RSI. It uses also the last ASK candle crossed with the RSI
indicator. In general, the algorithm is when the RSI is greater than
55 and last bar is "GREEN" (close price is greater than open price)
and the EMA is greater than Open price then is thrown a new BUY order.
If RSI is lower than 45 and the last bar is "RED" (close price is
lower than open price) and the EMA is lower than open price is thrown
a new SELL order. The orders are made with a long SL (300) and a short
TP (4) with 5 lots amount.