Forex Turbo RSI Filter Trading Strategy
Forex Turbo RSI Filter Trading Strategy:
Turbo Trading is a trading system for swing trading based on Turbo JRSX and RSI filter this is a momentum strategy with Low Risk trading approach and Buyng/Selling on trend retracement in direction of trend.
The trend is determined by the concordance of the two RSI below the graph.
When the two RSI are colored blue the trend is up.
When the two RSI are red, the trend is down.
Time Frame 30 min or higher.
Financial markets: any.
Metatrader Indicators:
3C Turbo JRSX 9 period with ma (3 period smoothed).
RSI Filter 14 periods (close),
RSI 21 periods (close),
Trading Rules Turbo Trading
Trades only in the direction of the trend.
Buy
When the 3C Turbo JRSX touches or broken the 30 level wait that JRSX crosses upward the MA;
Buy if:
RSI filter (14 period) and RSI (21 period) are with bar blue color .
Sell
When the 3C Turbo JRSX touches or broken the 70 level wait that JRSX crosses downward the MA;
Sell if:
RSI filter (14 period) and RSI (21 period) are with bar red color.
Not trading when the two RSI do not agree.
An additional filter is to trade only in the direction of the daily trend.
Exit position.
This is a method of trading that goes on retracements then the stop and profit from changing the way that traders apply.
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 Turbo RSI Filter Trading Strategy?
- Download Forex Turbo RSI Filter 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 Turbo RSI Filter 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”.
