Market USDCHF 1Day

In this strategy we enter in the direction of the current bar price move. The entry has to be confirmed by RSI Oscillator.

Long positions logic:

1. The previous bar highest price is below the Simple MA (21).
2. RSI (14) is moving in upward direction.
3. We enter long at the MA value from the previous bar.
4. Exit is at the Bar Closing.

Short positions logic:

1. The previous bar lowest price is above the Simple MA (21).
2. RSI (14) is moving in downward direction.
3. We enter short at the MA value from the previous bar.
4. Exit is at the Bar Closing.

That Forex strategy is easy to be followed. It gives us the direction of trade at the beginning of the day. If the MA is higher than the previous High, the only direction allowed is up. If the other condition - “RSI rises” is satisfied, we send a “stop entry order buy” at the MA price. We close the position at bar close, if the order has been executed.

If MA is lower than the previous low and RSI falls, we send a “stop entry order sell”. We close the position

Charts

Balance / Equity chart tested by Forex Strategy Builder

Indicator chart

Parameters, Statistics, Strategy Slots

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