The strategy is based on identifying overbought and/or oversold
moments for the market entry. To do this, momentum indicators like RSI
. At the same time, it is verified that the market in the long and
medium term has a compatible trend with the entry type (BUY/SELL), for
this purpose different moving averages are used with varying
timeframes (5 minutes, 1 hours ). The strategy is multi-instrument,
this version is using the EURCAD CADCHF CADJPY GBPCAD in the second
strategy, see below), but future versions could use more &
different
pairs. The strategy uses money management to determine the trade
volume, but allows the entry of a fixed volume thus disabling money
management. The strategy is selective in terms of the time to trade.
This version includes a second strategy inside the main strategy, it
is a trend strategy on the ANY (4) pair and uses Mov average (H1), If
price RSI 14 indicators Higher RSI 54 then sell of any six Pair If RSI
14 indicatore go to lower RSI 45 then buy order any 4 pair to trade
following the trend, strategy is based in RSI measuring overbought and
oversold levelsit trade only when the main strategy does not trade, is
symmetric of course, but is very strict and could do very little or
even no trades during the month, the SL:TP ratio of this strategy is
4.5 Finally, the strategy also uses a martingale to try to recover
from a loss. The Stop Loss 00 no limit set: Take Profit ratio of the
main strategy is 10 pip except if the martingale is used. The strategy
was designed exclusively for the Dukascopy Strategy Contest in feb
2019, so will not work correctly in a different period.