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124# RSI Lido with slow Stochastic

RSI and and slow stocastic trading

RSI reversal, trend trading

Submit by Leonard

 

RSI Lido with slow Stochastic is simple trend-reversal trading system based on RSI and slow Stochastic. There are two ways for trading with this forex system:

conservative only in direction of the slow moving average,

 

aggressive without slow moving average.

This strategy defines a trading condition with a probability of success.

Time Frame 30 min or higher.

Currency pairs: major and minors

 

Forex Indicators

RSI lido 5 period levels 80, 20.

Slow stochastic (14, 3, 4).

Bollinger Bands (period 20, 2.0)

Simple moving average 144 period, close (optional).

 

Trading Rules RSI Lido with slow Stochastic

Buy

Simple moving average below the price or the middle band of BB.

When appears red dot of RSI below the price wait that slow stocastic go above 20 levels from the bottom.

Place initial stop loss 10 pips below the low swing.

Make profit is discretionary.

 

Sell

Simple moving average above the price or the middle band of BB.

When appears red dot of RSI above the price wait that slow stocastic go below 80 levels from the top.

Place initial stop loss 10 pips below the low swing.

 

Make profit is discretionary.

In the pictures RSI Lido with slow Stochastic in action.

RSI Lido with slow Stochastic
RSI Lido with slow Stochastic
RSI Lido with slow Stochastic
RSI Lido with slow Stochastic
RSI Lido with slow Stochastic
RSI Lido with slow Stochastic

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