Forex RSI Lido Scalping Strategy
Forex RSI Lido Scalping Strategy:
This is a free interpretation of the RSI Lido Trading Method.
Time Frame 15 or higher
Currency pairs:any.
Metatrader Indicators:
Any MA RSI R2
RSI Lido (5) with Ma smoothed (4 period).
Simple rules for RSI Lido Forex System
Buy
Arrow Buy (green color)>line yellow and pink;
line Yellow>line pink
RSI Lido indicator > 35.
Sell
Arrow Sell (red color)<line yellow and pink;
Line yellow<pinkline
RSI Lido indicator < 65
Note if the Arrow buy or sell is between yellow and pink line do not trade.
Exit Strategy
At the level of the Fibonacci pivots.
When appears the star on the bar.
Profit Target predetermined, depends by time frame and currency, or ratio 1:1.5 stop loss.
Stop loss on the previous swing.
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 Lido Scalping Strategy?
- Download Forex RSI Lido 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 Lido 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”.
