This is a follow trend strategy algorithm. The follow trend is
basically open a position with the same direction that the actual
price action.
This Strategy only traded EURUSD pair from Monday to Friday. It uses
the RSI (Relative Strength Index) indicator configured with Ten
minutes Timeframe, twelve periods related to offer side ASK. The
trigger values are 45 and 55. It uses also the last ASK candle crossed
with the RSI indicator.
In general, the algorithm is when the RSI is greater than 55 and last
bar is "GREEN" (close price is greater than open price) then is thrown
a new BUY order. If RSI is lower than 45 and the last bar is "RED"
(close price is lower than open price) is thrown a new SELL order. The
orders are made with a long SL (250) and a short TP (8) with 5 lots
amount.