I dont think the RSI is helping... I think this strategy would work much better with just heikinashi and linear regression. Wait for price to breach the perimeter of the linear regression channel then wait for a 1 wick heikinashi candle in the direction of the trade as an entry signal; ie: price moving back into the linear regression channel. a more aggressive version for entry could be wait for the color change heikinashi candle to enter 1 lot and then wait for a 1 wick heikinashi to add the 2nd lot.
I dont think the RSI is helping... I think this strategy would work much better with just heikinashi and linear regression. Wait for price to breach the perimeter of the linear regression channel then wait for a 1 wick heikinashi candle in the direction of the trade as an entry signal; ie: price moving back into the linear regression channel.
a more aggressive version for entry could be wait for the color change heikinashi candle to enter 1 lot and then wait for a 1 wick heikinashi to add the 2nd lot.
Does it work on other time frames
You'll have to experiment with it on your own tickers and timeframes to see if there's anything to be learned from the use of LRC/RSI combinations.