Hi and thank you for visiting my blog.
Let's talk EA's and strategy, the easiest EA to use with Crash 500 is the RSI, and simply put, you can sell based on the value, I created a simple EA which monitors the RSI value and then in turn would print a simple arrow on the chart when the RSI reaches specific levels.
You may find it useful, but you also may not find it useful.
What I can say, is that most of the BOTS I have seen for Crash 500 uses this simple strategy and sells with a wide SL when the RSI reaches specific levels.
You could take this EA and turn it into a simple BOT by simply adding in the trade function together with trailing stops.
You can download the EA here, simply add it to your chart and you are good to go. A word of warning, this EA simply uses RSI, so ensure you are analyzing the charts in conjunction with this EA in order to take entry. If you simply follow this EA you will lose money.
In my next post, let me know if I should discuss how to create a simple BOT using this strategy.
I can also show you how you can simply leverage market direction in order to make this EA more accurate.
*NB, trading is risky, many people lose money when trading forex pairs.
*NB, this is not financial advice, nor am I qualified to provide it.
