my RSI trade strategy (using ea) 2020

most of positive pair were moving less than 50pips from opened positions except for gbpaud

hopefully gbpaud hit tp next week

to reduce risk of drawdown, better use 100pipstep for gbp pairs except for eurgbp

will use smaller steps like 25-30pips for slower pair next week

lucky to have gbpaud trades cleared this morning

added another filter to ea

Hi do you think the following monitor could be useful for your strategy?

this could be useful in long run. at this moment i am still working in finding filters for my re entry.

gbpcad n gbpaud closed, all other still opened.

audcad bull still stubborn as expected, just have to be patience with it. got some cash from gbpaud and gbpcad yesterday. some from nzdcad n nzdusd could be collected later

money is cumming, some collected earlier

making any money yet? or you are using other strategy?

more money cumming

Hi, I’m still scared by big stop loss but you are giving me the motivation

Have you done any backtests or I think you are handling it semi automatic?
Good Luck!

doing backtest is if you want to trade same pair all the time. i prefer doing it semi auto. understanding that price move in wave, it doesn't always hit tp at 1 go, it could move back and forth before hitting it.

yesterday collection was not bad

stopped trading gbp pair, focus on only 3 pairs for now, and would go for only 1 pair later to test on slightly different lot sizing setup, with the same entry condition

market too sleepy, sleep early, let robot take care of my account

@ fx4money

I hope you are well.

Looks like you've had some great results congratulations.

Newbie questions are you running 1d,2d,5d on the EA also where did you get that forex chart you are using on the charts.

Also why can't you use default on long & short using the EA?

Thanks

hi Heknoid,

not really sure if i understand the whole question. ea is using d1 rsi reading no matter what time frame it is placed on. the charts are from the platform.

I am not using default long and short because I am also referring to higher time frame (weekly) to decide which direction i would prefer it to trade. i am using rsi do trade potential reversal (to sell high or to buy low).

hope that answer your question.

Hi fx4money

That makes sense.

Cheers

no trades closed yesterday, and didnt add manual entry because was bit busy. still floating

small range yesterday. hopefully more action today. market maker is fishing for buyers n sellers.

collected some money from nu, let's see how cad is going to perform after tonite news