This is version 2 of my Forex Master algorithm originally posted here:
BACKTEST CONDITIONS: Initial equity = $100,000 (no leverage) Order size = 100% of equity Pyramiding = disabled
TRADING RULES: Long entry = EMA5(RSI20) cross> 50 Profit limit = 50 pips Stop loss = 50 pips
Short entry = EMA5(RSI20) cross< 50 Profit limit = 50 pips Stop loss = 50 pips
Long entry = Short exit Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.