newRSIMACD4eurusd1 strategy is based on the opening trades at the 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 one times per hour and twenty four hours a day. 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. Additionally I use 4H period MACD(12 26 9) indicator. First of all the strategy evaluates number of open positions. When open positions amount is zero the strategy evaluates three momentum indicators, i. e. 1H RSI(14), 1H MACD(12 26 9) and 4H MACD(12 26 9). At the same time it waits for Historical Candle opening and closing. Shift integer parameter of the Historical Candle is set to 1. The indicators work as follows: if the RSI is turning down below 50 but remains above than 30, it means that the losses are greater than the gains, and at the same time the MACD line on both 1H and 4H MACD indicators 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 but remains below 70, it means that the gains are greater than the losses and the MACD line on both 1H and 4H MACD indicators 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. The Strategy is set to not open positions in overbought and oversold areas. 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 6 pips, it was configured by my personal experience I gained working with EUR/USD. Trade volume has been set at 8 lots in case to generate the significant profit at the end of the contest if the strategy would succeed.