AUGUST2014EURJPY4CONTEST is my entry for the month of August 2014.It
is a trend-following and trend reversal strategy based on EMAs and
RSI.RSI is used for measuring convergence before taking a decision on
taking a trend reversal trade entry.50 EMA Hourly decides the entry
criteria for choosing trade entry.For trend reversal scenario :
Bullish (Open < 50EMA Hourly but Close < 50 EMA Hourly) and Bearish
(Open > 50EMA Hourly but Close < 50 EMA Hourly) are my entry trade
criteria and next, I do check for convergence >10 on
RSI(14).Trend-following strategies are based on EMAs of 10,15,20 and
negative cross-correlation relationship with USDCHF.