strategy on the EUR/USD pair. Period bar used is 15 minutes. First I
define the trend using the SMA of 200 periods. If price is above the
SMA, trend is bullish and I look to go long. If price is below the
SMA, trend is bearish and I look to go short. Next I use the RSI with
default settings of 14 periods. If RSI is more than 70 and trend is
bullish, a position is opened to buy at market. Similarly, if the RSI
is less than 30 and trend is bearish, a position is opened to sell at
market. I use the SMA and keep to 200 periods because it is widely
used to determine the trend.