Forex trading strategy «REI TS» is based on non-standard indicators and is intended for trading within a sustainable trend. In trend movements, the signals on it work out well. In the lateral movement, most of the signals are filtered out by additional filters, preventing them from going into a drawdown.
Statistics:
From September 2019 to September 2020, the strategy showed a result in the region of +2600 points (for 4-digit quotes). The maximum drawdown did not exceed 175 points.
- Currency pair — GBP/USD. It can also be used with other British pound pairs.
- Time interval — H1.
Indicators:
- Simple moving average with a period of 48 — SMA48.
- Range-Expansijn-Index (REI) indicator with a period of 8.
- Domiani_volatmeter v3.2 indicator with default parameters.
Terms for purchases «REI TS»:
1) At the close of the next candle, the REI indicator crosses upwards (or touches and bounces) the -30 level.
2) The same candle is closed above the moving average (the price is above the moving average).
3) In the Domiani_volatmeter indicator window, the gray line is above the green one.
4) At the opening of the next candle, a buy deal is concluded.
5) Stop loss is set at 35 points.
6) After passing 30 points in the positive zone, the transaction is transferred to breakeven.
7) Take profit is set at a distance of 90 points.
8 ) Upon receipt of a full reverse signal, the current transaction is closed at the market price.
9) If the current deal is at breakeven, then upon receiving a signal in the same direction, you can consider entering a buy.
Sales conditions:
1) At the close of the H1 candle on GBPUSD, the REI indicator crosses downwards (or touches and bounces) level 30.
2) The same hourly candle is closed below the moving average — SMA48 (+ the price is below this moving average).
3) In the Domiani_volatmeter window, the gray line of the same indicator is above the green one.
4) At the opening of the hourly candle, a sell trade is opened.
5) Order for insurance — stop loss is set at a distance of 35 points from the entry point into the market.
6) After the price passes +30 points, the transaction is transferred to the breakeven point.
7) We fix the profit on the take profit set at a distance of +90 points from the entry point.
8 ) Upon receipt of a return signal, the open transaction is closed at the current market price.
9) If the current deal is already at the breakeven point, then upon receiving a signal in the same direction — to sell, you can consider re-entering the market.
Video version of the forex strategy «REI TS»:
- Download MT4 template — rei_ts.tpl (archived).
- Download indicators (also in the archive) — indicators_rei_ts.
