Forex RSI Divergence IGentor Trading Strategy
Forex RSI Divergence IGentor Trading Strategy:
RSI Divergence with I-Gentor is a forex strategy trend-contrarian but the best trades are following the trend.
Time Frame 4H Daily or weekly.
Markets: Forex, Stocks, Indicies.
Metarader Indicators
I-Gentor LSMA (34-25);
RSI Divergence indicator (14 period, setting true and hidden divergence).
Rules
RSI Divergence with I-Gentor
Long Entry
When appears the green arrow in the window of the Rsi Divergence indicator wait that there are lines green and blue in window of the I-Gentor LSMA indicator.
Short Entry
When appears the red arrow in the window of the Rsi Divergence indicator wait that there are lines red andyellow in window of the I-Gentor LSMA indicator.
Exit Positon
Profit Target ratio 1:1 Stop loss.
Initial stop loss on the previous swing.
This forex strategy is discretionary and therefore requires practice.
But it is a good one.
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 Divergence IGentor Trading Strategy?
- Download Forex RSI Divergence IGentor 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 Divergence IGentor 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”.
