344# RSX and Accelerator indicator Intraday Trading System
RSX and Accelerator Trend Following Day Trading
Submit by KevinTrader 28/05/2013
This is an day trading Trading System is based on RSX , Accelerator indicators combined with a trend indicator (Megatrend).
Currency pairs:any.
Time Frame:15M, 30M and 1H time frames.
Metatrader Indicators:
RSX (14 period)
Heiken Asci;
Megatrend indicator (80, period);
Accelerator indicator;
Pivot Points levels.
Rules for RSX and Accelerator indicator Intraday Trading System:
Enter a long trade when:
1 – Blue Candle ( Heiken Ashi indicator );
2 – Blue AC Bar ( Accelerator Oscillator indicator ) , best if it’s above 0.0 level;
3 – Blue RSX Bar ( RSX Indicator ) , best if it’s above 0.0 level;
4 – Blue Trend Line ( Megatrend indicator ).
Enter a short trade when:
1 – Red Candle ( Heiken Ashi indicator );
2 – Red AC Bar ( Accelerator Oscillator indicator ) , best if it’s below 0.0 level;
3 – Red RSX Bar ( RSX Indicator ) , best if it’s below 0.0 level;
4 – RED Trend Line ( Megatrend indicator ).
Exit Position options:
Close trade when you get an opposite signal ;
Close Trade when Accelerator indicator and RSX indicator get an opppsite bar;
Profit Target on the levels of the pivot poins levels (set stop loss 15 pips);
Place target profit to 15-30 pips. And set stop loss to be the same.
In the pictures RSX and Accelerator indicator Intraday forex system in action.
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