RSI Forex Scalping Strategy

Trading Strategies 0 1,906


Summary : 

RSI Forex Scalping Strategy that focuses on RSI indicator and accompanied by other indicators for confirmation. This system works M15 timeframe and any currency pairs.

 

Metatrader Indicators : 

- Market pulse indicator (10, 1, 20).

- RSI smoothed indicator (5,5,0,5,9,3)

 Overbought : 0.5~ 1.05

 oversold : -0.5 ~ -1.05:

- Ehlres-cog (10 period).

 

Long Position Entry : 

1.     Market pulse aqua line is greater than orange line.

2.     RSI indicator in oversold Zone crosses upward.

3.     Ehlres-cog crosses upward.

 

Short Position Entry : 

1.     Market pulse aqua line is greater than orange line.

2.     RSI indicator in overbought Zone crosses downward.

3.     Ehlres-cog crosses downward.

 

Exit Rules : 

- Ehlres-cog must cross downward for buy and upward for sell.

- Take profit is predetermined 8-14 pips on the pivot levels.

- Place stop loss at 10-15 pips.

 

How to install Files?

- Download RSI Scalping.zip

- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /

- Copy tpl file (Template) to your Metatrader Directory / templates /

- 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 rsi scalping

- You will see rsi scalping Template is available on your Chart

List