Forex RSI Cross MA Trading Strategy
Forex RSI Cross MA Trading Strategy:
Time Frame 15 or higher.
Pairs
EUR/USD, GBP/USD, USD/JPY and USD/CHF
Forex Indicators
– RSI : Period 8
– MA : Period 8
– Bollinger Bands
BUY
RSI must be below the middle of Bollinger Bands and RSI has crossed above Moving Average.
Buy when open the next bar.
SELL
RSI must be above the middle Bollinger Bands and RSI has crossed below Moving Average.
Sell when open the next bar.
Stop Loss is the low/high of the previous bar.
Move S/L to break even if the price moves greater than 40 pips in direction.
Use a trailing stop for exits (25 pips) after the initial 40 pip move.
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 MA Trading Strategy?
- Download Forex RSI Cross MA 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 Cross MA 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”.
