As we wrote in our Analysis from 13.01.2022 the S&P index made an ATH (all time high) at 4817. We expected the price to move downwards, so we loaded our STS_RSI_Breakout_Bot to open a short position if the price fell below the last lowest point (4581) after the peak (4817) and Daily's RSI was 30 or less.
The conditions were met and the Bot opened a short position at 4580. STS_RSI_Breakout_Bot is set to close it when RSI 6 periods on Daily Chart returns in overbought state, with a value over 70. By managing the position this way we will stay in the downward movement for as long as possible and take optimal profit.
Get your STS_RSI_Breakout_Bot now: https://smarttradingsoftware.com/en/expert-advisors/prd/rsi-breakout-bot/
Get your STS_RSI_MTF_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/sts-rsi-mtf-indicator/
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