Forex RSI Buy Sell Signal Swing Trading Strategy
Forex RSI Buy Sell Signal Swing Trading Strategy;
Rsi signal buy/Sell trading system is based on the RSI signal indicator that generates
signals when Relative Strength Index crosses the overbought and oversold levels, and plots the signals with the arrows on the forex chart.
Setup for H1 Time Frame
RSI signal Indicator ( overbought level 90, oversold level 10);
Repulse Indicator: (level for buy -0.20- level for sell 0.20);
Daily Range indicator;
Rules for RSI signal buy/sell Trading System
Buy arrow on the main chart if the histogram of the repulse indicator is below of – 0.20 level long entry at the openig of the next bar.
Sell arrow on the main chart if the histogram of the repulse indicator is above of 0.20 level shoet entry at the openig of the next bar.
Entry only on the first arrow that appears.
Profit Target 20-30 pips
Stop loss 25-30 pips.
Example: EUR/USD Profit Target 30 pips Stop loss 30 pips;
GBP/USD Profit Target 30 pips Stop loss 30 pips;
AUD/USD Profit Target 30 pips Stop loss 30 pips;
USD/CHF Profit Target 25 pips Stop loss 25 pips.,
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 RSI Buy Sell Signal Swing Trading Strategy?
- Download Forex RSI Buy Sell Signal Swing 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 RSI Buy Sell Signal Swing 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”.