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“Open Tomorrow” Strategy

dzonefx | Published on the thu Aug 24, 2017 10:32 am | 2333 Views

Instruments: the strategy fits all instruments.

Timeframe: D1.

Indicators: RSI (8).

When to open long positions:

Place an order after opening of a daily bar.

a)      When RSI is above 70 mark, place a pending buy order 20 points above the opening level of the daily bar.

b)      When RSI is below 30 mark, place a pending sell order 20 points below the opening level of the daily bar.

Exit points: take profit – 50 points; stop-loss – 25 points. 

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