This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
Here is a simple Long-Short Forex strategy based on the moving average and the relative strength index indicators. The strategy buys a currency pair if its 5-Period RSI value is greater than 50 and if the price crosses over its 5-Bar SMA and makes at least 20 pips (Difference between the close price and the 5-Bar SMA). It enters a short position if the 5 RSI is lower than 50 and the price crosses below the 5 SMA and closes at least 20 pips below it. This Forex trading system contains a 100 pips stop loss and another 100 pips profit stop.
The current Forex strategy was designed for the EUR/USD currency pair and here is the backtest result for the two years (2010-2011) based on one-hour candles:
Number of trades: 191
Percent of winners: 53.93%
Average Bars Held: 22
Exposure: 45.47%
Annual Return: 16.52%
Maximum Drawdown: -4.59%
Sharpe Ratio: 7.7
