57# Open Tomorrow Trading System

Set and Forget Strategy

Submit by Forextrategiesresources

 

Pairs:all.

Time frame :daily

Indicators:

RSI (8)

 

Long and Short Entries

a) When RSI is above 70, buy at the open of the setup bar plus n 20 pips.

b) When RSI is below 30, sell short at the open of the setup bar minus n 20 pips points.

Long and Short Exits

a) Exit a long position at the initial protective stop, the breakeven stop, or the profit target.

b) Exit a short position at the initial protective stop, the breakeven stop, or the profit target.

 

 

 

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Comments: 1
  • #1

    Waylan (Sunday, 15 March 2015 22:02)

    For the RSI on the instructions it says set to 14, but on the chart example its set to 8. Which one is correct?

    Thanks

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