Forex Exteme RSI Reversal Trading Strategy
Forex Exteme RSI Reversal Trading Strategy:
Extreme RSI Reversal System is a reversal trading System based on the RSI extreme indicator. This is a fox strategy with an higher profitability.
Time frame 15 min or higher.
Markets: Currency pairs, Index and Commodities.
Metatrader Indicators:
Extreme RSI 14 periods.
MA-Z Arrows ( 6 period fast ma 13 period slow ma).
Bollinger Bands (20, 2) optional.
Trading rules Extreme RSI Reversal System
Buy
Price broken lower Bollinger Band (optional),
Appears Buy arrow Extreme RSI,
when appears MA buy arrow, entry at opening of the next bar.
Sell
Price broken upper Bollinger Band (optional),
Appears Sell arrow Extreme RSI,
when appears MA sell arrow, entry at opening of the next bar.
Extit position is disctretionary there are more options:
extit at opposite ma arrow,
exit at the opposite band,
Exit wit ratio stop loss 1.2.
Initial stop loss at the previous swing high/low.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Exteme RSI Reversal Trading Strategy?
- Download Forex Exteme RSI Reversal Trading Strategy.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 Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Exteme RSI Reversal Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.