New script in FXApps: [Strategy] H4H1

Posted By Admin Tuesday, November 15, 2016
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Admin
 Posted Tuesday, November 15, 2016
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H4H1

http://va112.sysfx.com:8080/images/products/large/H4H1.png


Preferred currency pair is GBP/USD.

The strategy operates with two different timeframes: H1 and H4.
  • RSI indicator moves out of overbought zone;
  • After that Stochastic’s Signal line crosses the main line from below;
The strategy opens a Sell position if:
  • RSI indicator moves out of oversold zone;
  • After that Stochastic’s Signal line crosses the main line from above;
By default, the strategy places Trailing Stop order (at 40 points distance) and sets Limit at 80 points level.

NOTE:
  • Position opens only on the new candle if all conditions are met.
  • Strategy operates with only one position opened by it per selected instrument


Best regards

-ACTFX© Forum Administrator

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