Plot RSI(2) and when there are readings below 15/10/5 and higher timeframe is in an uptrend go long.
Exit when RSI(2) is above RSI(2) > 70 or close is above SMA(5) or something.
But sometimes it just not will cross the 70 line or SMA(5), so you get a large loser..
I actually still want to use the SMA because it's a nice dynamic exit.
Can anybody suggest an extra exit? So I get a fresh new perspective.. anybody some ideas?