Forex RSI Cross Alert Scalping Strategy
Forex RSI Cross Alert Scalping Strategy:
Currency pairs:any.
Time Frame 15min.
b. Indicators used
fast RSI (5 period), slow RSI (14 period)
• 200 EMA
Trade only in the direction of the Trend.
The trend is determined by the moving average 200 if the price is greater than 200 ema is uptrend,f the price is less than 200 ema is downtrend.
Buy
up trend: Price >200 EMA;
Rsi Green vertical line.
Sell
up trend: Price <200 EMA;
Rsi Red vertical line.
Exit Position
Fast profit target.
Stop loss 10-15 pips.
Profit Target for pairs:
AUD/USD, USD/CHF, 7 pips profit target and stop loss 10 pips;
EUR/USD 8 pips profit target and stop loss 12 pips;
GBP/USD 10 pips profit target and stop loss 15 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 Cross Alert Scalping Strategy?
- Download Forex RSI Cross Alert Scalping 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 Cross Alert Scalping 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”.
