Europon Reversal FX Rush Ver2 Strategy by MasayanFX
By MasayanFX
Performance Metrics
- Author: MasayanFX
- Symbol: OANDA:EURGBP
- Timeframe: 1 hour
- Win Rate: 56.0%
- Profit Factor: 1.086
Description
Europon Reversal FX Rush Ver2 Strategy is an RSI reversal and averaging-entry strategy designed primarily for EURGBP on the 1-hour chart.The strategy uses a 3-period RSI value from two bars ago. A long position is opened when the shifted RSI falls below 40. A short position is opened when the shifted RSI rises above 60.When averaging entries are enabled, the strategy can add positions as RSI moves further into the reversal zone. Long additions require progressively lower RSI values and a bullish previous candle. Short additions require progressively higher RSI values and a bearish previous candle.The strategy supports up to three entries in the same direction. An opposite signal closes the current position and can initiate a position in the opposite direction.Default settings:Recommended market: EURGBPRecommended timeframe: H1RSI Period: 3RSI Signal Shift: 2RSI High Level: 60RSI Low Level: 40Trading Hours: 01:00 to 09:00 server timeMaximum Positions: 3Long Nanpin: EnabledShort Nanpin: EnabledStop Loss Request: 4.0Take Profit Request: 4.0Price Unit: 0.01Because TradingView’s broker emulator differs from MT4/MT5 execution, strategy results may not match EA backtests or live broker execution. Averaging-entry strategies can significantly increase risk during strong directional markets.This script is intended for chart analysis, backtesting support, research, and educational purposes only.It does not guarantee future performance and should not be considered financial advice.Please test carefully before using it in any trading decision.