If the last two closes are in ascending order, the rsi is below 50 and ascending, and the current candle is above 200 ema, then LONG. If the last two closes are in descending order, the rsi is above 50 and descending, and the current candle is below 200 ema, then SHORT.
LONG Exit strategy:
ATR: Last 14 day Lowest: The lowest value of the last 14 candles
Backtest results for the AUDUSD pair gave positive results over the last three months.
I am testing this strategy using a python bot in a real environment this week and will update the results at the end of the week.
Disclaimer This is not financial advice. You should seek independent advice to check how the strategy information relates to your unique circumstances. We are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly by this strategy.