Expert studio strategy 1 - GBPUSD by 03.freeman

oscillator trendanalysis gbpusd strategy profit rvi backtest forex signal win scalping

This is part of a series of strategies developed automatically by a online software.
I cannot share the site url, which is not related to me in any way, because it is against the TV reules.

This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€.

LOGIC:
- LONG ENTRY when previous candle is bear
- LONG EXIT: RVI > signal line
- SHORT ENTRY when previous candle is bull
- SHORT EXIT: RVI < signal line

NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script

Take profit = no
Stop loss = no

I have also a study with alarms.

Please use comment section for any feedback.

Open-source script

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