Rebounce Trader is a fully automated Expert Advisor specifically designed to trade GBPUSD and USDJPY on 1 hour timeframe. It uses Relative Strength Index indicator to place maximum of 3 pending orders with different TARGET POINT AND STOP LOSS for each order. Operation of placing order is carried out when there is retracement or rebounce of price from oversold or overbought price regions. RSI is employed in spotting these two oversold and overbought price regions. for account protection and save trading, it makes use of a good money management strategy as :
- It does not open more than one position at a time;
- It allows to use minimum tradeable lot.
It does not use:
- VPS that is available 24/7
- 4 and 5 digit brokers
- Minimum Balance - $100
- low spread
- LOTSIZE - Trading volume for the selected pair =0.01
- MAGICMA - Unique Number of the expert advisor = 0008;
- init_TP - Target point = 100;
- init_SL - Stop loss =60;
- RSI_PeriodH1 - Period of Relative strength Index on 1 hour Timeframe =9
- Backtest the EA before use it on live account.
- it produces good result on GBPUSD and USDJPY.
- Use it on 1 HOUR time frame only
- Use default setting for maximum result and safe trading.
Feel free to contact me for any question