-

Home Trading Systems RSI High-Low Forex Trading System

RSI High-Low Forex Trading System

Strategy overview
Currency pairs: any, but majors recommended
Timeframe: any
Indicator: standard RSI (14) with levels at 70 and 30
(Relative Strenght Index comes with your Metatrader by default, there is no need to download it).

How to trade with RSI High-Low Strategy?
Buy signal: open long trade when RSI has crossed below 30, formed a bottom, and then crossed back up through 30 level.
Sell signal: open short trade when RSI has crossed above 70, formed a peak, and then crossed back down through 70 level.
Exit: close the trade when RSI reach opposite level (if you sell close it at 30, if you buy close it at 70).

Strong sides: RSI is a great technical indicator commonly used for trade entry confirmation in both simple and complex trading systems. For current strategy it generetes good entries, but profitable trades occurs much often when you follow main trend.

Weak sides: there may still some false signals take place from time to time. We highly recommend to use RSI High-Low strategy in combination with other filtering indicators.

RSI High-Low Forex Trading System & Indicator free download

Popular Posts

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

100% Non Repaint Forex Scalping Indicator

The 100% non repaint scalping indicator is a custom forex buy and sell arrows signals trading tool for any time frame and currency pair...

MBFX System V2

Welcome Traders to the MBFX Trading system: I have been a successful trader for over 27 years now and still loving every minute of it. Have...

Supply and Demand Indicator

Shved Supply and Demand The Supply and Demand Indicator is a MetaTrader 5 (MQL5) version of the indicator originally coded by Shved and upgraded by...

Forex Entry Point Indicator

Forex Entry Point indicator was designed to give traders the best possible entry for their long and short trades and it displays pink and...

Looking for something?

What is your best indicator?

View Results

Loading ... Loading ...

You might also likeRELATED
Recommended for you