342# RSI Cross alert Scalping System
Fast and slow RSI
Submit by Janus Trader 21/05/2013
Time Frame 15min.
b. Indicators used
RSI Cross alert:
fast RSI (5 period), slow RSI (14 period)
• 200 EMA
Trade only in the direction of the Trend.
up trend: Price >200 EMA;
Rsi Green vertical line.
up trend: Price <200 EMA;
Rsi Red vertical line.
Fast profit target.
Stop loss 10-15 pips.
Profit Target for pairs:
AUD/USD, USD/CHF, 7 pips profit target and stop loss 10 pips;
EUR/USD 8 pips profit target and stop loss 12 pips;
GBP/USD 10 pips profit target and stop loss 15 pips;
Share your opinion, can help everyone to understand the forex strategy.
RSI Trading System