Hello respective forex traders,
Today I'd like to share my simple scalping strategy using RSI. Unfortunately it isn't a perfect one that you could automate it and leave it to farm pips for you but you must wait 'till a time and you do it the manual way.
Following is the main rule:
Please do this strategy on your own risk as you're already a big forex trader.
For the example please refer to following video:
Thank you for reading my post, I hope it's work for you and happy trading!
Today I'd like to share my simple scalping strategy using RSI. Unfortunately it isn't a perfect one that you could automate it and leave it to farm pips for you but you must wait 'till a time and you do it the manual way.
Following is the main rule:
- Wait 'till market is moving enough for example Euro opening
- Apply RSI on the 15 minutes chart
- Wait 'till it reached level of 70
- Wait 'till it down again and down pass level of 50
- Open a sell order with Take Profit is 1/5 of Stop Loss
- Do the opposite for buy order
Please do this strategy on your own risk as you're already a big forex trader.
For the example please refer to following video:
Thank you for reading my post, I hope it's work for you and happy trading!
