I use the strategy on the EUR/USD pair on time frame of 30 minutes.My
strategy's entries are based on 3 exponential moving average
(trend-following indicator) for Identifying a new trend.It also uses
RSI and Parabolic Stop and Reverse (momentum indicators) for
confirming the new trend before taking the entry.Firstly I define the
trend using the three EMAs: 2 as fastest EMA,4 as fast EMA and 6 as
slowest EMA. If price is above the EMAs in the the order of: fastest
EMA,fast EMA and slowest EMA, then trend is bullish and I look to go
long. If price is below the three EMAs in the the order of: fastest
EMA,fast EMA and slowest EMA, trend is bearish and I look to go
short.I have used the RSI with default settings of 14 periods. If RSI
difference over two shifts is more than 30 it indicates that trend is
very bullish/bearish, a position is opened to buy/sell at market if
Parabolic Stop and Reverse also concurs over one shift. Both Buy/Sell
Entry is classified as conservative/aggressive to avoid big losses
from false entry signals.