The strategy opens a long position if the hourly RSI value 14 shift 1
is bigger than 50 and the hourly RSI value 14 shift 1 is bigger than
the hourly RSI value 14 shift 2. Vice versa for short positions.
Trade Amount is 1 million on EUR/USD. The selected period is 1
hour.
Stop Loss is set to 23 pips and Take Profit is set to 35 pips.
After every closed position with loss a new position will be opened
in
the opposite direction with a trade amount 2.5 times bigger as the
trade amount before. Stop Loss is set to 23 pips and Take Profit is
set to 35 pips. This work goes on until a position is closed on TP.
The strategy trades from sunday evening 22.00 until thursday at
24:00.
This strategy is not for live trading!!