RSI Strategy: Short when closing prices >70 for 3 consecutive periods, Long when <30 for 3 periods. 1 position + Trailing Stop + Break-even

RSI Strategy: Short when closing prices >70 for 3 consecutive periods, Long when <30 for 3 periods. 1 position + Trailing Stop + Break-even

Entry Strategy:
At the opening of the newest candlestick, execute the following:

If the RSI values of the previous 1st, 2nd, and 3rd candlesticks all exceed 70: Open a SELL position at market price.
If the RSI values of the previous 1st, 2nd, and 3rd candlesticks all fall below 30: Open a BUY position at market price.(The thresholds 30/70 are configurable parameters in the EA's settings window)

Additional Rules:

Maximum 1 position per candlestick.
No new positions allowed while existing orders remain open.

Exit Strategy:

1.Stop Loss/Take Profit:

Automatically sets 200-pip Stop Loss and 500-pip Take Profit on new positions.
Positions close automatically when price triggers SL/TP levels. (SL/TP values are adjustable in the EA's parameters)

2.Reverse Signal Close:

Immediately closes current position at market price if opposing entry conditions are met.

3.Trailing Stop:

Dynamically adjusts stop loss to lock in profits as price moves favorably.

4.Break-even:

Automatically moves stop loss to entry price once specified profit threshold is reached.