Refer to statement and Indicator, Color RSI. Been demo everywhere and this is the only statement that I can attach for proper view.
The idea is :
Condition, safe on 1 hr timeframe. Take profit 10-15 pips or any reasonable profit.
You need indicators
1) Color RSI, as attached, default, need line 25, 40,50,60 and 75
2) EMA 100.
3) MACD, standard setting 12 26 9.
a) red line appears on RSI and candle open above 60 line
b) candle open and above 100 EMA line
c) MACD is above 0.00 level
if it meets the above 3 conditions , then open buy position.
a) green line appears on RSI and candle open below 40 line
b) candle open and below 100 EMA line
c) MACD is below 0.00 level
if 3 conditions are met, then open sell position.
STOP Loss (auto close position)
a) for buy: candle close below 60 line
b) for sell: candle close above 40 line
I have demo and sometimes miss the boat, coz it takes sometime to wait for 1 hr signal as above. I hope funyoo can help and we all can share this EA. Hope to go live if results are excellent with EA.