RSIMACD_CONTeur_usdN3 RSIMACD_CONTeur_usdN3 strategy is based on the opening trades using RSI(50) and MACD(12 26 9) momentum indicators and Historical Candles. The strategy works for both side trades opening. The strategy is adjusted to open orders one time per hour in case the all parameters set are in line. Just one order could be opened simultaneously. I use 1H period for both RSI(50) and MACD(12 26 9) indicators as well as for Historical Candles. 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(50) and 1H MACD(12 26 9). At the same time it waits for Historical Candle opening and closing. If the height of Historical Candle is more than 20 pips and less than 4 pips the strategy does not open any position. Shift integer parameter of the Historical Candles is set to 1. 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 on 1H MACD indicator 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 on 1H MACD indicator 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. 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. I have set changeable TP and SL values. However, the initial SL has been set at 200 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 initial TP has been set at 6 pips, it was configured by my personal experience I gained working with EUR/USD. The initial trade volume has been set at 6 lots.