8# RSI and Stochastic Trading System
Submit by Forexstrategiesresources
Currency pair: Any.
Time frame: Any.
Indicators: RSI (14) with levels at 70 and 30.
Long Entry Position:
Sell Entry Position:
a) Our initial stop when long will be 4 pips below the two-bar low; our initial stop when short will be one point above the two-bar high.
b) When long, we'll trail a stop at the most recent swing low (strength one); when short, we'll trail a stop at the most recent swing high (strength one).
c) We'll also enable a money-management stop, a breakeven stop, and a $ risk trailing stop.
d) aggressive Take Profit
In the picture below RSI and Stochastic Trading System in action
RSI Forex Strategies