newRSIMACD1 strategy is based on the opening trades at particular hours using RSI(14) and MACD(12 26 9) momentum indicators and the Historical Candle. The strategy works for both side trades opening. The strategy is adjusted to open orders five times per day i. e. at 1, 5, 9, 17 and 21 GMT. Just one order could be opened simultaneously. I use 1H period for both RSI(14) and MACD(12 26 9) indicators as well as for Historical Candle. First of all the strategy evaluates number of open positions. When open positions amount is zero the strategy evaluates two momentum indicators, i. e. 1H RSI(14) and 1H MACD(12 26 9) and at the same time it waits for Historical Candle opening and closing. Shift integer parameter of the Historical Candle is set to 2. The indicators work as follows: if the RSI is turning down below 50, it means that the losses are greater than the gains, and at the same time the MACD line is below the MACDSignal (MACD signal line) showing that downside momentum is increasing, a sell position is being opened. However, when the RSI is above 50, it means that the gains are greater than the losses and the MACD line is above the MACDSignal, which signals upward momentum, a buy position is being opened. Signal line crossovers provide evidence that the trend in the stock is about to accelerate in the direction of the crossover but we need a confirmation of the momentum as well. That’s why we are using the RSI indicator. In this case, the centre line for the RSI is 50, which is seen as both the support and resistance line for the indicator. When a market volatility is quite high sometimes we have to wait for the stabilization in case to avoid some big losses. That’s why my strategy works in 1H time frame, it helps to define the optimal number of trades in a volatile market. I use EUR/USD pair just because I am watching it for a quite long time, so in comparison with other currency pairs the movement of EUR/USD is better known for me. More over the EUR/USD volatility is not too high and it significantly decreases the risk of big losses. The SL has been set at 300 pips, in my opinion it’s the optimal figure taking into account the recent volatile market. The low settings of SL in such a situation could lead to often and significant losses. The TP has been set at 12 pips, it was configured by my personal experience I gained working with EUR/USD. Trade volume has been set at 6 lots in case to generate the significant profit at the end of the contest if the strategy would succeed.