Hello Traders,
I found this method on another forum which you undoubtedly know and I wanted to have your opinion.
Quote:
Ganbah Strategy!
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This strategy is founded by a friend of mine. I asked him to reveal it here to improve it. His only request is to keep the name intact.
Here is the strategy:
- Open the chart on the pair you want to trade, H1 frame and add RSI of period 3 days "RSI(3)". (All pairs of 2 - 5 pips of spread can be used).
- Go LONG When RSI return from the buttom or at least 30 and gos up.
- Go SHORT When RSI return from the top or at least 70 and gos down.
- Target = 10 points.
- Stop lose = 20 points.
It is better to enter at the returning point from the top/bottom or at least not after the reading passing 30/70.
In the normal days, there are more than 30 chances to open contracts! (I guess!).
The result of this strategy is promising and need to optimize using more indicators to take the right decision to enter.
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The Statement here
Rather simple A to undoubtedly carry out a EA, that do you think about it?