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5x5 SMA & RSI Forex Strategy

by bug man, 3044 days ago
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Here is a simple Long-Short Forex strategy based on the moving average and the relative strength index indicators. The strategy buys a currency pair if its 5-Period RSI value is greater than 50 and if the price crosses over its 5-Bar SMA and makes at least 20 pips (Difference between the close price and the 5-Bar SMA). It enters a short position if the 5 RSI is lower than 50 and the price crosses below the 5 SMA and closes at least 20 pips below it. This Forex trading system contains a 100 pips stop loss and another 100 pips profit stop.

The current Forex strategy was designed for the EUR/USD currency pair and here is the backtest result for the two years (2010-2011) based on one-hour candles:
Number of trades: 191
Percent of winners: 53.93%
Average Bars Held: 22
Exposure: 45.47%
Annual Return: 16.52%
Maximum Drawdown: -4.59%
Sharpe Ratio: 7.7

Equity Graph of this Forex Strategy:



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Type: Trading System

Object ID: 969


Country:
All

Market: Forex Market

Style:
Technical Analysis

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Technical Analysis


Fundamental Analysis



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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.