520# RSI signal buy/sell Trading System

RSI signal Indicator

 

Submit by FXTrader 08/12/2013

 

Rsi signal buy/Sell trading system is based on the RSI signal indicator that generates

 signals when Relative Strength Index crosses the overbought and oversold levels, and plots the signals with the arrows on the forex chart.

 

Setup for H1 Time Frame

Currency pairs:any.

 

Metatrader Indicators

RSI signal Indicator ( overbought level 90, oversold level 10);

Repulse Indicator: (level for buy -0.20- level for sell 0.20);

Daily Range indicator;

Bar Timer.

 

Rules for RSI signal buy/sell Trading System

 

Long Entry

Buy arrow on the main chart if the histogram of the repulse indicator is below of – 0.20 level long entry at the openig of the next bar.

 

Short Entry

Sell arrow on the main chart if the histogram of the repulse indicator is above of 0.20 level shoet entry at the openig of the next bar.

 

Entry only on the first arrow that appears.

 

Exit position

Profit Target 20-30 pips

Stop loss 25-30 pips.

Example: EUR/USD Profit Target 30 pips Stop loss 30 pips;

GBP/USD Profit Target 30 pips Stop loss 30 pips;

AUD/USD Profit Target 30 pips Stop loss 30 pips;

USD/CHF Profit Target 25 pips Stop loss 25 pips.,


RSI signal buy/sell Trading System (Indicators and Template)
RSI signal buy/sell Trading System (Indicators and Template metatrader 4)
RSI Signal trading System.rar
compressed file archive 19.0 KB
RSI signal buy/sell Trading System
RSI signal buy/sell Trading System
RSI signal buy/sell Trading System
RSI signal buy/sell Trading System

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