legraal

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trading logic. the strategy take position on short term trend on 30 MN EURUSD charts .if price is above 55 period EMA uptrend it look for buy and if price is below 55 period EMA the trend is down and it look for sell this are the setups. in order to take a buy or Sell trade the strategy check for pullback on 5mn chart and use the indicator RSI 14 period .if trend is up on 30 minutes EURUSD chart and the rsi 14 period on 5 minutes chart move below 30 and go above buy order at market is triggered if trend is down on 30 minutes EURUSD and the rsi 14 period on 5 min charts go above 70 and move down 70 a sell order is triggered i use a take profit of 50 pips and Stoploss of 25 pips in order to have a good risk reward ratio of 2;1 and limit my loss i use a constant lot of 5 millions in order to avoid great drawdowns in ranging markets . this STRATEGY USE EMA TO IDENTIFY TREND ON 30 MIN CHARTS . AND USE RSI TO ENTER BECAUSE IT IS AN OSCILLATOR USE TO SPOT PULLBACKS .
Version: Date: Status: Description:
2 09.03.2018 Not running legraal  Download
1 20.02.2018 Executed legraal  Download
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