Hello Experts !
I am just trying a strategy based on RSI and need your thoughts on downside and further improvements.
I am doing it using MT4 code generator where I will open buy when the RSI is below 30 with stop loss of 0, take profit of 25 and 0.1 lots on $5,000 deposit.
I tried it but stills its giving me a net loss, where as on the chart, I have back-tested that when RSI is below 30 and we buy, we can make profits even when we have a take profit of 5. But still the code is giving me loss.
May be I am missing something.
Your kind help will be much appreciated in this regard.
Thank you 