Open trading account 
hello everyone, i won the first place in strategy contest last month and i will explain the strategy i used in this blog.
The Pair I used : EUR/CHF
The timeframe : 1D
lot size : 15M
indicators : RSI Period 15
introduction:
The strategy is based on a simple concept ( benefit from daily candles tails ) well we know the market move in two ways first rally trends and the second on sideways and most of the daily candles have tails which means the price moved in that day on a bullish and a bearish directions so the strategy concept depend on benefiting from daily candles tails .
how it works :
first it checks if the the price rate is higher or lower than daily candle open value by 10 pips and if it is the case it opens short or long trade. the Concept of such logic as I mentioned before is that daily candles usually have tails and move to one direction is usually followed by move to another direction before the daily trend appears on the chart .
which take me to the second part of the strategy (the scalping) take profit is just 6 pips and stop lose is 61 pips because we don't want to stay too long before the price move on the same or opposite direction and most of the trades end on the Asian period before any big moves happens on the market that's why I opened 22 trades on last month with almost zero drawdown .
if a non profitable trade closed another trade opened after the strategy checks the 1 hour RSI if it was higher than 75 it opens a short trade with 10M take profit 4 and Stop lose 60 and if the RSI was lower than 25 long trade opened also 10M and take profit 4 pips and Stop lose 60 pips.
let's start with the first chart showing all I used on last month
how the strategy open the long trades
as you can see on the chart first day of the month after the pair eur/chf moved 10 pips on the bearish direction from the new daily candle price and the rate with higher it triggered a long trade and closed fast with 6 pips profits
how the strategy open the short trades
as you can see on the chart on day 5 of the month after the pair eur/chf moved 10 pips on the bullish direction from the new daily candle price and the price rate with lower it triggered a short trade and closed fast with 6 pips profits
At the end the strategy not working with the same results every month because of the Market fluctuations and obviously not on all the pairs it needs a special conditions to works with the same results first a slow pair with medium daily range rate and a side way period not a trend rally period .
that's all good luck to all traders
The Pair I used : EUR/CHF
The timeframe : 1D
lot size : 15M
indicators : RSI Period 15
introduction:
The strategy is based on a simple concept ( benefit from daily candles tails ) well we know the market move in two ways first rally trends and the second on sideways and most of the daily candles have tails which means the price moved in that day on a bullish and a bearish directions so the strategy concept depend on benefiting from daily candles tails .
how it works :
first it checks if the the price rate is higher or lower than daily candle open value by 10 pips and if it is the case it opens short or long trade. the Concept of such logic as I mentioned before is that daily candles usually have tails and move to one direction is usually followed by move to another direction before the daily trend appears on the chart .
which take me to the second part of the strategy (the scalping) take profit is just 6 pips and stop lose is 61 pips because we don't want to stay too long before the price move on the same or opposite direction and most of the trades end on the Asian period before any big moves happens on the market that's why I opened 22 trades on last month with almost zero drawdown .
if a non profitable trade closed another trade opened after the strategy checks the 1 hour RSI if it was higher than 75 it opens a short trade with 10M take profit 4 and Stop lose 60 and if the RSI was lower than 25 long trade opened also 10M and take profit 4 pips and Stop lose 60 pips.
let's start with the first chart showing all I used on last month
how the strategy open the long trades
as you can see on the chart first day of the month after the pair eur/chf moved 10 pips on the bearish direction from the new daily candle price and the rate with higher it triggered a long trade and closed fast with 6 pips profits
how the strategy open the short trades
as you can see on the chart on day 5 of the month after the pair eur/chf moved 10 pips on the bullish direction from the new daily candle price and the price rate with lower it triggered a short trade and closed fast with 6 pips profits
At the end the strategy not working with the same results every month because of the Market fluctuations and obviously not on all the pairs it needs a special conditions to works with the same results first a slow pair with medium daily range rate and a side way period not a trend rally period .
that's all good luck to all traders