Hello,

Here is a strategy idea for GBPUSD H1.

1. Stochastic showing momentum down/up
2. RSI up/down (over 55 or under 45)
3. SMA crossover for SMA10 and SMA5
4. Stochastic not yet oversold (still over 55) or not yet overbought (still under 45)

Strategy was originally optimized IS for 2014-2017 and showed good result for 2013 – 2019. Years before that the result are not so good. Note that SL is set to 1000, which in reality means there is no SL until a new order is triggered in the opposite direction or the order meets its TP. Any ideas of improvement or tips, please share 🙂

//GBPUSD STOCH RSI SMA Lose
DEFPARAM CumulateOrders = true//
tradestart = time > 090000
Tradeend= time < 210000


TP =50
SL =1000

SMA5 = Average[5](close)
SMA10 = Average[10](close)
STOCH = Stochastic[14,3](close)
indicator4 = Average[5](STOCH)
RSIind = RSI[14](close)

// Conditions to enter long positions
c1 = (SMA5 CROSSES OVER SMA10)
c2 = (STOCH - indicator4 >10)//Stochastic upward momentum
c3 = (RSIind > 45)//RSI upward momentum
c5 = (average[10](STOCH)<45)// Stochastic not yet overbought

//Conditions to enter short
d1 = (SMA5 CROSSES UNDER SMA10)
d2 = (STOCH - indicator4 <-10)//Stochastic downward momentum
d3 = (RSIind < 55)//RSI downward momentum
d5 = (average[10](STOCH)>55)//Stochastic not yet oversold

IF c1 AND c2 AND c3 AND c5 AND tradestart AND tradeend THEN
 BUY 1 CONTRACT AT MARKET
 Set target pprofit TP
 SET STOP pLOSS SL
ENDIF

IF d1 AND d2 AND d3 AND d5 AND tradestart AND tradeend THEN
 SELLshort 1 CONTRACT AT MARKET
 Set target pprofit TP
 SET STOP pLOSS SL
ENDIF