Lambo101

RSI Grid Trading System with Doji Filter - Trading Strategy Description

Core Trading Logic:

1. Entry Conditions:

• Primary entry based on RSI(14) signals
• Buy signal: RSI crosses below 30
• Sell signal: RSI crosses above 70
• Must have sufficient account margin
• Initial lot size: 0.01 standard lot

2. Grid Management System:

• Grid spacing: 20 pips between positions
• Maximum grid positions: 5 levels
• Lot size plus per level
• Additional grid entry requirements:
  • Must form Doji candlestick pattern
  • Doji confirmation: body less than 10% of candle length
  • Price must reach grid level (20 pip spacing)

3. Position Pairing and Exit System:

• Opens both buy and sell positions
• Tracks paired positions for each currency
• Closes pairs when combined profit 
• Partial close option first and last order

4. Risk Management Rules:

• Maximum grid levels: 5 positions

5. Trade Management:

• Monitors real-time position profits
• Tracks total exposure per currency
• Updates grid levels based on price movement
• Recalculates optimal lot sizes fix lot start
• Maintains position correlation data

6. Risk Filters:

• Slippage protection: 4 pips maximum
• Doji pattern confirmation for grid expansion

7. Emergency Exit Conditions:

• Close all if account equity < 70% starting balance

Key Benefits:

• Controls risk through position pairing
• Uses Doji pattern to confirm grid entries
• Multiple take-profit opportunities
• Automated position size management
• Built-in drawdown protection
• Clear entry/exit rules
• Portfolio-level risk management

This system combines RSI signals with grid trading while using Doji patterns as a quality filter for grid expansion. The position pairing approach helps manage risk while maximizing profitable opportunities.

MyFxbook 8 month already

Preset

https://drive.google.com/drive/folders/1nPhojZw23vXpuozAhXxFLRc0eIzrTyD8?usp=sharing