637# Extreme RSI Reversal System
RSI Reversal Trading
ubmit by Louis 01/06/2015
Extreme RSI Reversal System is a reversal trading System based on the RSI extreme indicator. This is a fox strategy with an higher profitability.
Time frame 15 min or higher.
Markets: Currency pairs, Index and Commodities.
Extreme RSI 14 periods.
MA-Z Arrows ( 6 period fast ma 13 period slow ma).
Bollinger Bands (20, 2) optional.
Trading rules Extreme RSI Reversal System
Price broken lower Bollinger Band (optional),
Appears Buy arrow Extreme RSI,
when appears MA buy arrow, entry at opening of the next bar.
Price broken upper Bollinger Band (optional),
Appears Sell arrow Extreme RSI,
when appears MA sell arrow, entry at opening of the next bar.
Extit position is disctretionary there are more options:
extit at opposite ma arrow,
exit at the opposite band,
Exit wit ratio stop loss 1.2.
Initial stop loss at the previous swing high/low.
In the pictures Extreme RSI Reversal System.