AN EXPERT ADVISOR BASED ON RSI, 200EMA AND WILLIAM'S %R OVERLAY

INDICATORS OVERLAY:

- 1 Period RSI with levels @ 90 = overbought region mark; 10 = oversold region mark.

- 200 EMA OVERLAY on the oscillator [RSI & WPR].

- 20 Period William's Percentage Range with levels @ -20 = and - 80 marks.

TRADING CONDITIONS:

BUY

1) 200EMA @ RSI Oversold Region mark of 10, and ascending. 

2)) WPR line returns from the RSI oversold region and crosses the WPR -80 mark.

STOPLOSS: Adjustable, e.g. 30pips.

TAKE PROFIT: When WPR line returns from the overbought region and crosses the WPR-20mark.

LOTSIZE DETERMINATION: Initial 0.1 Lots per 10,000 USD account ; Double the lot size per TP or SL; Return to initial lot size after doubling 4x.

SELL

1) 200EMA @ RSI Overbought Region mark of 90, and descending.

2) WPR line returns from the RSI Overbought Region and crosses the WPR -20 mark.

STOPLOSS: Adjustable, e.g. 30pips

TAKEPROFIT: When WPR line returns from the Oversold Region and crosses the WPR -80 mark. 

LOTSIZE DETERMINATION: Initial 0.1 lots per 10,000USD account; Double the lot size per TP or SL; Return to initial lot size after doubling 4x.

NOTE

- RSI = Relative Strength Index

- WPR = William's Percentage Range 

- EMA = Exponential Moving Average