This is my first strategy and I'm using the pair EUR/USD in a period
of 5 mins. I'm using 3 indicators to base my strategy: Bollinger
Bands, Relative Strength Index and Stochastic. When the last bid
candle high is superior than the upper band of the BBands indicator,
the RSI is above 70, the Stoch slow %k and slow %d are both above 70
it opens an order to sell 5 lots with a take profit of 7 pips. The
same goes for the buy order except the values of the RSI indicator
and
Stoch are 30, instead of the candle being high is low, the band is
the
lower one from BBands and the comparisons are lesser than.