54# Ma Envelopes and RSI Trading System

Submit by joy 22

 

Pairs: Eur/USD, GBP/USD, AUD/USD

Time Frame:15 and higher

 

Indicators:

20 SMA

(o this SMA 8 levels have beed added: 340, 550, 890, 2000, and -340, -550, -890, and -2000)

RSI (14)

Enter Long Position:

When the chosen pair reaches the required extreme lower level, plus the RSI is flagging oversold conditions, that’s the moment the pair is ready to correct, giving us a great entry point.

Enter Short Position

When the chosen pair reaches the required extreme higher level, plus the RSI is

 


flagging overbougth conditions, that’s the moment the pair is ready to correct, giving us a great entry point.

Exit Position

with an 30 pips average stop loss; target will be the central SMA.

 

 

Share your opinion, can help everyone to understand the forex strategy.