I used very simple and common Trading Strategy, strategy is based in
well known indicator Relative strength index (RSi) used to determine
when market are oversold or overbought!. I am not used default
parameter overbought 70 and Oversold 30 lines for Trading. It trigger
a buy order when the Current RSi above the 33 line and Previous RSi
below the 33 line with 22 pips take profit and 89 pips stop loss or
trigger a buy order when the Current RSi above the 65 line but last
closing price must be below of two day before closing price with 22
pips take profit and 86 pips stop loss . It trigger a sell order when
the Current RSi below the 63 line and Previous RSi above the 63 line
with 19 pips take profit and 85 pips stop loss or trigger a sell
order
when the Current RSi below the 34 line but last high price must be
above of two day before closing price with 23 pips take profit and 82
pips stop loss . My trading volume is 4.5 million and slippage
default 5. Trading pair is eurusd and i use it in a time frame of 1
hours period.This is my simple approach/logic for trading.