Daily strategy RSI with Stochastic

Daily strategy RSI with Stochastic is a strategy trend-momentum with triple filter for entry: SMA , Stochastic and RSI.
Time Frame: daily.
Currency pairs: any.
Forex Indicators:
Simple moving average 100 period, close;
RSI period 3 with level 80 and 20;
Stochastic fast (5,3,3 with level 70 and 30).
Trading Rules
Buy
The price is above 100 Simple moving Average ,
RSI is below 20 level,
Stochastic lines crosses upward below 30 line.
Sell
The price is below 100 Simple moving Average ,
RSI is above 20 level,
Stochastic lines crosses downward below 30 line.
Place initial stop loss at the previous high/low swing.
Profit Target at 70-200 pips dependes by currency or at the important support or resistence.

Daily strategy RSI with Stochastic

Related

Daily Strategies 8142990481427443285

Post a Comment

emo-but-icon

item