BTS RSI High Low
Advisor uses the RSI indicator to monitor prices and deals. The product can be used on any currency pair and timeframe.
strategy 1
- PurchaseWhen RSI crosses low_level down reaches lower_level, and then turns back and crosses low_level up.
- SaleWhen RSI crosses high_level up reaches higher_level, and then turns back and crosses high_level down.
- Exit: RSI reaches the opposite side (high_level Orders for long, low_level - for short).
strategy 2
Set low_level = lower_level and high_level = higher_level.
- PurchaseWhen RSI crosses low_level down forms bottom, and then turns back and crosses low_level up.
- SaleWhen RSI crosses high_level up forms peak, and then turns back and crosses high_level down.
- Exit: RSI reaches the opposite side (high_level Orders for long, low_level - for short).
The default settings are: RSI (14) on the closing prices, higher_level = 70, high_level = 70, low_level = 30, lower_level = 30. These settings are not recommended for all pairs and timeframes. The trader may need to optimize the input parameters to improve the effectiveness of the product.
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