SMAorRSI2

This strategy trading system implements a 30 Simple Moving Average (SMA) and the Relative Strength Index (RSI). The strategy has no restrictions in terms of trading days or hours. It opens orders if certain conditions are accomplished throughout the week. To open a buy order, the following conditions need to be satisfied: the Last Bid Candle Close price above the 30 SMA price and the RSI higher than 25. To open a sell order, the following conditions need to be satisfied: the Last Bid Candle Close price below the 30 SMA price and the RSI lower than 75. The strategy trades EUR/USD with a default trade amount of 4.9M, default slippage of 5 pips, default stop loss of 400 pips and default take profit of 10 pips. The default trading period is fifteen minutes (15 min) for both the 30 SMA and the RSI. During the month May the strategy opened only buy orders. This has been an effect of the euro being traded with a heavier bias against the US dollar. The single currency managed to rise from nearly the 1.0850 level at the beginning of the month to nearly the 1.1250 level at the end of the month. Macron’s election in France coupled with weaker US fundamental data and growing views that the Eurozone turned the corner prompted the euro to jump in May. So, for this purpose, I present two charts, were it can be seen that: from May the 1st to May the 8th, the 30 SMA has been most of the time below the last candle level; from May the 9th May to May the 11th, the EURUSD eased and the 30 SMA moved most of the time above the last candle level; from May the 12th till the end of the month, the euro rose significantly against the US dollar, with the 30 SMA moving most of the time below the last candle level, which generated a buy signal coupled with the RSI level above 25. I’ve started the strategy on May the 12th, the precise moment when the EUR/USD started trending higher. And given my stop loss level of 400 pips, it allowed the strategy to stretch losses without giving up the settled position, holding for the next wave up.
Wersja: Date: Status: Opis:
1 01.01.2017 Not running SMAorRSI2  Pobierz
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