forex "Yesterday" strategy is designed for the currency pair NZD / USD, the time interval H1 and trade we are from the previous day's highs and lows, can trade on other currency pairs, but to work with them to be on their own to pick up the value of the RSI indicator.
Of course, from the point of view of the profit for the previous year, according to the results of the test (the results are shown at the end of the article) strategy is not the most profitable, but from the point of view of the risks taken, it looks pretty impressionable, which is only indicator of the maximum drawdown (69 points !! ! - for 4-digit broker, such f4u), but first things first ...
Currency pair - NZD / USD
Time interval - H1
Used indicator - RSI (10) with the levels of 30 and 70.
Terms of the transaction on purchase of forex "Yesterday" strategy:
1) According to the maximum and minimum of the previous day, horizontal lines / levels.
Option "a". The price touches the bottom line of the resulting range. The RSI is in the oversold zone, or just come out of it, and shows an increase.
"B" variant. Price copied at least the previous day, and during the same day back above the lower horizontal line. The RSI is in the oversold zone, or just come out of it, and shows an increase.
2) At the opening of the next hour candle opening the deal to purchase.
3) Stop-loss is set below the recent low, but not less than 30 points and no more than 50 points.
4) Take-profit set on the opposite side of the range, but not at maximum spark (the tail of the peak) and in the closing / opening level (maximum value of the candle body).
5) Once the price will be 20 points in the positive zone, the order is transferred to breakeven.
Terms of the transaction for sale on "Yesterday" strategy:
1) According to the maximum and minimum of the previous day hold horizontal lines.
Option "a". The price touches the upper line of the resulting range. The RSI is overbought or just come out of it, and shows a decrease.
"B" variant. Price rewrote the previous day's high and within the same day back below the upper horizontal line. The RSI is overbought or just come out of it, and shows a decrease.
2) At the opening of the next candle opening hours for sale transaction.
3) Stop-loss is above the last peak, but not less than 30 points and no more than 50 points.
4) Take Profit on the opposite side of the range, but not at maximum candle (minimum tail), and closing / opening level (minimum value candle body).
5) Once the price will be 20 points in the positive zone, the order is transferred to breakeven.
Additions to the forex strategy:
1) After the conclusion of the transaction from one of the limits of the range, from the opposite edge does not sell that day. That is, if during the day the first signal was received on the purchase, on the same day did not sell.
2) The signals received during the last three days do not use candles.
3) In the case where the stop-loss is triggered, and the price is still back in range and we obtain the signal of the second embodiment, it is necessary to re-enter.
4) Order kept until fails one of the output of the embodiments described above. The only exception is the cases when the closing price of the day is very close to the opening level of the transaction (3-7 points). In these cases it is recommended to leave the market (* optional).
5) Active orders do not prevent to conclude transactions for the new day.
Forex Strategy for Statistics from January 2013 until January 2014:
Total profit (in pips) - 1447
Total profit (the sum of all the victories (pp)) - 2082
The total loss (the sum of all losses) - 635
Maximum drawdown in points - 69!
Recovery Factor - 20.97!
Profit factor (the ratio of profit to loss) - 3.28
Reliable profit factor (the ratio of profit to loss), excluding the most profitable trade - 3.21
