this strategy use the following RSI (7) for 4 Hour to choose long or
short. When RSI
is above 50 then it's ready ready to place the long order. When RSI is
below 50 then it's ready to place short orders. ADX (14) for 15 MIN
to make sure that it is strong trend. Only place orders when ADX is
greater than 20. When SMA (10) for 10-SEC cross SMA (90) for 10-SEC .
Only close orders when the profit is more than 3-10 point and SMA
cross. Or it is not lucky enough to hit the SL. , SL is 200 depends
on the ATR of the pairs, TP is 300 but it rare hit TP because when
profit is more than 3-10 points it will consider to close orders... -
Trade volume is Equity multiply 0.00004 or 0.00005 depends on the ATR
of the pairs.
blog link :
https://www.dukascopy.com/fxcomm/blog/?action=post-show&post_id=209900