397 # Regression Analysis Scalping System
Regression with RMI on RSX smoothed
Submit by Leo Trader 19/11/2013
Regression Analysis Scalping System is a forex strategy based on two regression indicators and on the RMI on RSX indicator.
Time Frame 15 min or higher.
Currency pairs Major, Metals and Oil.
B regrssion analysis dp limiter 200 multi standard deviation 1,96);
B regrssion analysis dp limiter 200 multi standard deviation 3,00);
RMI on RSX smoothed indicator (length 14, momentum 5, price 5, level OB 80, level OS 20).
Rules for Regression Analysis Scalping System
After you execute thr regression Analysis salping system on your MT4 chart, check andsee if the price touches or broken the upper or lower blue lines.
RMI on RSX is an momentum indicator.
The price touches or broken the lower blue lines and wait until the RMI on RSX
momentum indicator turns green, then execute your order and take profit and stop loss.
The price touches or broken the upper blue lines and wait until the RMI on RSX
momentum indicator turns red, then execute your order and take profit and stop loss.
I simply use a 1.5 to 1 Ratio Stop Loss method. From my entry point to the
magenta target line let’s say it is 20 pips. Then my Stop Loss will be 50% of
that which is 10 pips.
In this scalping system can also be used the NRP RSX MTF indicator with this setting:
length (14) OB level 75, level 25 OS.
What is the difference between RMI and smoothed on RSX RSX rnp MTF in this scalping system?
With RMI RSX smoothed on the trading approach is more conservative.
With RSX NRP MTF trading approach is more aggressive.
In the pictures below Regression Analysis Scalping System in action.