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 46 line and Previous RSi
below the 46 line with 12 pips take profit and 113 pips stop loss or
trigger a buy order when the Current RSi above the 46 line but last
closing price must be below of two day before closing price with 8
pips take profit and 109 pips stop loss . It trigger a sell order
when
the Current RSi below the 65 line and Previous RSi above the 65 line
with 15 pips take profit and 119 pips stop loss or trigger a sell
order when the Current RSi below the 28 line but last high price must
be above of two day before closing price with 13 pips take profit and
138 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.