Forex Strategies Resources

312# RSX Scalping System

Rsi Timing scalping system

Submit by Janus Trader 06/04/2013

 

Time Frame 15 min or higher, scalping system works best all time frame.

Currecy pair any;

 

This Scalping System use a combination of two indicators:

RSX nrp indicator (alias RSI Timing);

Votro indicator.

 

HOW TO USE RSX Scalping System ?

RSX System is very simple to use. To take position:

Votro indicator gives buy signal (Signal at the bottom) and sell signal (Signal at the top)

RSX gives a confirmation of signal given by Votro indicator: BUY in return of line 20 and SELL in return to line 80

Take position = Signal of Votro+ Confirmation Signal of RSX

How to BUY using RSX Scalping System?

Choose a frame time for your trade

When Votro indicator gives a buy signal you wait for a confirmation signal of RSX indicator

 

You BUY When RSX returns to line 20

How to SELL using RSX Scalping System?

Choose a frame time for your trade

When Votro indicator gives a sell signal you wait for a confirmation signal of RSX indicator

You SELL When RSX returns to line 80

 

How to define profit Targets using RSX Scalping SYSTEM?

When you buy: 1. first profit target: when RSX reachs line 40 2. second profit target: when RSX reachs line 60 3. 3rd profit target: when RSX reachs line 80 4. last target: after line 80 in the apperance of votro signal

When you sell: 1. first profit target: when RSX reachs line 60 2. second profit target: when RSX reachs line 40 3. 3rd profit target: when RSX reachs line 20 4. last target: after line 20 in the apperance of votro signal

How define Stop loss using RSX SYSTEM:

When you sell you place your stop loss on the candle corresponding to higher value of RSX

When you buy you place your stop loss on the candle corresponding to lower value of RSX 

 

Votro_+_2010 metatrader indicator


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