355# RSI and SFX MCL filtered by Trend Reversal Scalping System

Trend Reversal with RSI and SFX MCL

Stochastic indicator as filter

 

 

Submit by Janus Trader 19/06/2013

 

This forex scalping system is not for beginners.

 

In this forex scalping system Stochastic indicator is a great filter.

 

Time Frame 5 min or higher;

Currency pairs major: (EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD,).

 

Metatrader Indicators:

SFX MCL indicator;

RSI Indicator (5-period) with two moving averages 11 and 34 periods;

Stocastic Indicator (14,3,3)-low-High;

Pivot points Levels;

Trend Reversal indicator;

 

Rules:, RSI and SFX MCL filtered by Trend Revesal Scalping System

 

Long Entry

SFX MCL indicator line green >line blue

Wait crossing upward the RSI indicator, Moving Average of 17 and 34;

Trend Reversal indicator bars acqua;

Stochastic indicator crosses upward but is not in oversold Zone.

Not to Buy:

if the Stochastic indicator is in oversold Zone;(Stochastic as filter)

if the RSI indicator is >80;

 

Short Entry

SFX MCL indicator line green <line blue

Wait crossing downward the RSI indicator, Moving Average of 17 and 34;

Trend Reversal indicator bars red;

Stochastic indicator crosses downward but is not in overbougt Zone.

Not to Sell:

if the Stochastic indicator is in overbougt Zone;(Stochastic as filter)

if the RSI indicator is <20;

 

Exit position options

When SFX MCL Revesal position;

Profit Target 5-8 pips (example AUD/USD 6 pips, EUR/USD 7 pips, GBP/USD 8 pips);

exit at the pivot points levels;

Stop loss 10 pips below or above the entry bar.

 

This Scalping System is also good for binary options trading, see more.

RSI and SFX MCL filtered by Trend Reversal Scalping System
This System is based on the Reversal Trend indicator, SFX MCL indicator, RSI with moving averages and stocastic indicator as filter.
RSI and SFX MCL filtered by Trend Revers
compressed file archive 12.7 KB
RSI and SFX MCL filtered by Trend Reversal  Scalping System
RSI and SFX MCL filtered by Trend Reversal Scalping System

 

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