Tuesday, January 11, 2011

RSI signaling for EURCHF

As simple experiment, I'm trying to earn money buying and selling CFD for EURCHF.

Sample time was 1 minute.

Using this simple pattern: open short position if RSI(14) is over 73, open long position if it's under 26, profit was about 0.2% during January 11th 2010 in the first 30 minutes.... But lot of short positions were being opened thanks to RSI(14) were over 73, losing more than 5% in the following 12 hours.

As I'm trying to perform High Frequency Trading, these results are invalid. What a pity!

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