Accelerator and RSX - Forex Scalping Strategy

Trading Strategies 0 1,723



Summary : 

This is an intraday trading system which uses RSX and Accelerator indicators. This is useful in a 15-minute to 1-hour time frames and works in any currency pairs.

 

Metatrader Indicators : 

 - RSX (14 period)

 - Heiken Asci

 - Megatrend indicator (80, period)

 - Accelerator indicator

 - Pivot Points levels

Long Position Entry : 

1.     Blue or White Candle ( Heiken Ashi indicator )

2.     Blue AC Bar ( Accelerator Oscillator indicator ) , best if it’s above 0.0 level

3.     Blue RSX Bar ( RSX Indicator ) , best if it’s above 0.0 level

4.     Blue Trend Line ( Megatrend indicator )

Short Position Entry : 

1.     Red or White Candle ( Heiken Ashi indicator )

2.     Red AC Bar ( Accelerator Oscillator indicator ) , best if it’s below 0.0 level

3.     Red RSX Bar ( RSX Indicator ) , best if it’s below 0.0 level

4.     RED Trend Line ( Megatrend indicator )

Exit Rules : 

- Exit when you get an opposite signal

- Exit when Accelerator indicator and RSX indicator get an opposite bar

- Take profit the levels of the pivot point levels (set stop loss 15 pips)

- Place target profit to 15-30 pips. And set stop loss to be the same

 

How to install Files?

- Download RSX AND Accelerator Indicator Forex Scalping Strategy.zip

- Copy Indicators folder files to your Metatrader Directory / MQL4 / indicators /

- Copy templates folder files (Template) to your Metatrader Directory / templates /

- Copy Libraries folder files to your Metatrader Directory / MQL4 / Libraries /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select RSX AND Accelerator Indicator Forex Scalping Strategy

- You will see RSX AND Accelerator Indicator Forex Scalping Strategy is available on your Chart

 

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