Open trading account 
RSIMACD_CONTeur_usdN1 strategy is based on the opening trades using
RSI(14) momentum indicator and Historical Candles. The strategy works
for both side trades opening. The strategy is adjusted to open orders
one time per hour in case the all parameters set are in line. Just
one
order could be opened simultaneously. I use 1H period for RSI(14)
indicator as well as for Historical Candles. First of all the
strategy
evaluates number of open positions. When open positions amount is
zero
the strategy evaluates momentum indicator, i. e. 1H RSI(14) At the
same time it waits for Historical Candle opening and closing. If the
height of Historical Candle is more than 30 pips and less than 4 pips
the strategy does not open any position. Shift integer parameter of
the Historical Candles is set to 3. The indicator work as follows: if
the RSI is turning down below 50 it means that the losses are greater
than the gains, a sell position is being opened. However, when the
RSI
is above 50, it means that the gains are greater than the losses and
the buy position is being opened. We need a confirmation of the
momentum that’s why we are using the RSI indicator. I use EUR/USD
pair just because I am watching it for a quite long time, so in
comparison with other currency pairs the movement of EUR/USD is
better
known for me. More over the EUR/USD volatility is not too high and it
significantly decreases the risk of big losses. I have set changeable
TP values. The SL has been set at 200 pips, in my opinion it’s the
optimal figure taking into account the recent volatile market. The
low
settings of SL in such a situation could lead to often and
significant
losses. The initial TP has been set at 6 pips, it was configured by
my
personal experience I gained working with EUR/USD. The initial trade
volume has been set at 6 lots.
RSI(14) momentum indicator and Historical Candles. The strategy works
for both side trades opening. The strategy is adjusted to open orders
one time per hour in case the all parameters set are in line. Just
one
order could be opened simultaneously. I use 1H period for RSI(14)
indicator as well as for Historical Candles. First of all the
strategy
evaluates number of open positions. When open positions amount is
zero
the strategy evaluates momentum indicator, i. e. 1H RSI(14) At the
same time it waits for Historical Candle opening and closing. If the
height of Historical Candle is more than 30 pips and less than 4 pips
the strategy does not open any position. Shift integer parameter of
the Historical Candles is set to 3. The indicator work as follows: if
the RSI is turning down below 50 it means that the losses are greater
than the gains, a sell position is being opened. However, when the
RSI
is above 50, it means that the gains are greater than the losses and
the buy position is being opened. We need a confirmation of the
momentum that’s why we are using the RSI indicator. I use EUR/USD
pair just because I am watching it for a quite long time, so in
comparison with other currency pairs the movement of EUR/USD is
better
known for me. More over the EUR/USD volatility is not too high and it
significantly decreases the risk of big losses. I have set changeable
TP values. The SL has been set at 200 pips, in my opinion it’s the
optimal figure taking into account the recent volatile market. The
low
settings of SL in such a situation could lead to often and
significant
losses. The initial TP has been set at 6 pips, it was configured by
my
personal experience I gained working with EUR/USD. The initial trade
volume has been set at 6 lots.