OPEN-SOURCE SCRIPT

EURUSD 5min london session strategy

Hey, today I bring you another strategy that I pull up together.
Its a KISS system ( keep it stupid simple )

We have 2 ma of 5 lenght each, one applied to the high and the other to low. With this we create a channel.

If the candle close above or below the channel we got a signal. Then we can optionally verify with the RSI to increase our chances.

At the same time, this system, only trades during the london session ( can be changed), and it has 2 rules, preferably no more than 5 trades / day, and no more than 2% risk of equity lost .

We also have a TP/SL system made of pips.


Enjoy it.
5minEURUSDkisslondonMoving AveragesOscillatorsRelative Strength Index (RSI)tpsl

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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