This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage) Order size = 100% of equity Pyramiding = disabled
TRADING RULES:
Long entry = EMA20(RSI10) cross> 50 Profit limit = 50 pips Stop loss = 50 pips
Short entry = EMA30(RSI30) cross< 50 Profit limit = 50 pips Stop loss = 50 pips
Long entry = Short exit Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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