Forex RSX RNP Divergence Trading Strategy
Forex RSX RNP Divergence Trading Strategy:
RSX RNP Divergence system is a simple system based on divergence of the price with the RSX nrp indicator. This is a tool that you can use with other trading system for more information on the dynamically of the price,
Time Frame 15 min or higher.
Financial markets: any.
Metatrader indicators:
MA 7. High;
MA 7, Low;
RSX rnp divergence indicator (levels 40 and 60)
Trading Rules RSX RNP Divergence System
There are two ways for trading:
first, trending buy above 60 and sell below 40;
second below 40 and sell above 60.
Trending mode
Buy
RSX RNP Divergence buy arrow.
Entry when RSX is above 60 level.
MA blue above MA gold.
Sell
RSX RNP Divergence sell arrow.
Entry when RSX is below 60 level.
MA blue below MA gold.
Divergence on the Overbought and Oversold
Buy
RSX RNP Divergence buy arrow.
Entry when RSX is below of the 40 level.
MA blue above MA gold.
Sell
RSX RNP Divergence buy arrow.
Entry when RSX is above of the 60 level.
MA blue below MA gold.
Exit position is discetionary.
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 RSX RNP Divergence Trading Strategy?
- Download Forex RSX RNP Divergence 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 RSX RNP Divergence 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”.
