718# RSI Xard trading

Submit by Maurice (author Xard777)

RSI Xard is a trading system based on RSI and Moving averages with interpretation of static support and resistance. This strategy is based on a solid idea of trading algoritmic. This is a trend- momentum strategy.

Time Frame 15 min or higher.

Financial market: any.

Metatrader Indicators:

MT4X TFX, pink and green lin,

RSI arrow,

MMAth, murrey math line,

II-Superdem identifies areas of support and resistance

Xardfx 21,

AARZZ support and resistance indicator,

Sema 4 NRP,

Ha SW alert

Trading Rules of RSI Xard trading

Sell

Price is near of the resistance area

Black line crosses below magenta line,

Yellow arrow sell

Buy

Price is near of the support area

white line crosses above green line,

green arrow buy.

Exit position options :

at opposite signal,

at the levels of murrey math line,

at the support or resistance area theses second and third options are recommended. 

Place intial stop loss at the previous swing low/high.

"Intermediate and expert level because needs a preliminary analysis of the best areas of support and resistance, these are the key of success of this trading system."

In the pictures RSI Xard trading in action.

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