FXCM Strategy Trader - Simple Trend Trader (EA)
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Simple Trend Trader (EA)
This strategy is a simple trend trader that uses RSI and MACD.

The strategy uses RSI as a trend filter with a 50/50 cutoff. RSI > 50 only long trades will be opened, RSI < 50 only short trades will be opened.

The trigger is MACD, I was using 21,55, and 9 as the default settings. If bullish MACD cross takes place while RSI > 50, long position will be opened. If Bearish MACD cross takes place while RSI < 50, short position will be opened.

Risk is managed via Stop, Profit Target, Breakeven Stop, and a Trailing Stop. All are in Dollars - not number of pips.

All of the inputs can be modified through the input options menu when setting the strategy.

Category FXCM Strategy Trader 
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Details: Simple Trend Trader (EA)
Category: FXCM Strategy Trader 

February 21st, 2011
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Keywords: macd rsi


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