Forex Stochastic RSI Swing Trading Strategy
Forex Stochastic RSI Swing Trading Strategy:
Stochastic and RSI Forex Trading System is an momentum force Trading System
Time Frame 30 min or higher.
Markets: Forex, Stocks, Metals, Futures, CFD, Indicies.
Forex Indicator:
FDM Arrows Entry;
Stochastic indicator (14,3,3);
RSI (14 period)
Fibonacci retracement indicator.
The system was designed to run on the M30 timeframe.
Rules for Stochastic and RSI Forex Trading System
Long Entry Rules: 1. Up arrow appears on the chart, and 2. RSI is above the level 50 line, and 3. the black Stochastic line has crossed up the lime Stochastic line and they are above the level 20 line.
Buy Exit Rules: 1. Down arrow appears on the chart, and 2. the black Stochastic line has crossed down the lime Stochastic line and the Stochastic lines are falling below the level 80 line.
Short Entry Rules: 1. Down arrow appears on the chart, and 2. RSI is below the level 50 line, and 3. the black Stochastic line has crossed down the lime Stochastic line and they are below the level 80 line.
Short Exit Rules: 1. Up arrow appears on the chart, and 2. the black Stochastic line has crossed up the lime Stochastic line and they are moving above the level 20 line.
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 Stochastic RSI Swing Trading Strategy?
- Download Forex Stochastic RSI Swing 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 Stochastic RSI Swing 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”.
