76# RSI FLAT Trading System

Submit by Joy22 06/02/2012

 

 

Time Frame: DAILY Chart

Indicators

  1. 5 SMA

  2. RSI (5)

 

Long Entry

  1. Buy when the price crosses over the 5 SMA and marks +10 pips up.

  2. RSI(5) > 60

Short Entry

  1. Sell when the price crosses over the 5 SMA and marks +10 pips down.

  2. RSI(5) < 40

EXIT STRATEGY

When reverse position or stop loss below or above the previous swingProfit target Ratio 1:5

 

Forex Trading System
RSIFilter_v1.rar
compressed file archive 903 Bytes

 

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0