Forex RSI Trend Manager Trading Strategy
Forex RSI Trend Manager Trading Strategy;
RSI with Trend Manager Strategy is a slow trend-momentum trading System.This system works best on 15M – 30M – 1H and 4H time frames. Any currency pair.
The rules are very easy and straight forward.
BUY SIGNAL:
BLUE LINES under the candles + BLUE BARS on the separated window indicator
Once you see a blue line and a blue bar, that means the current trend is up trend. Open
“buy” order.
Stop loss can be a fixed number, for example : 50 pips for 1H time frame and 75 pips
for 4H chart.
Stop loss can also be based on support and resistance levels.
SELL SIGNAL:
RED LINES below the candles + RED BARS in the separated window indicator
Targets can be based on :
1 – Fixed number for each trade. Example, 65 pips for 1H chart and 95 pips on 4H
chart.
2 – Opposite signal. Example, if the current opened trade is a sell trade then close it
when you get a buy signal.
3 – You can also use support and resistance, pivot points or Fibonacci levels.
Like any other trading system, this system is not the holy grail. That means you will
have losing trades!
There are many strategies to use to keep your account safe ..
1 – Use trailing ( moving ) stop loss
2 – Always use money management
For example, never trade with stop loss larger than your target. Never trade when
major economic news are released. Never trade with “scary/crazy” lot sizes!
This RSI with Trend Manager Strategy has an low profitability but ratio risk is high.
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 Trend Manager Trading Strategy?
- Download Forex RSI Trend Manager 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 Trend Manager 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”.
