Double RSI and MACD Strategy

Double RSI and MACD strategy is a classic trend momentum trading system. The pourpose of this strategy is to entry in the market on the strength of RSI in trend. This strategy is for day and for swing trading.
Time frame 15 min or higher.
Currency pairs and Indicies: majors, minors, DAX, S&P 500,
Forex Indicators setting
Bollinger Bands (20 period, deviation 2.0)
Parabolic SAR 0.02 – 0.2.
RSI 5 period close with in the same window RSI 14 period close.
MACD (12, 26, 9).

Trading rules Double RSI and MACD Strategy
Buy
Price close above middle band of Bollinger Bands.
RSI 5 crosses upward RSI 14.
Dot of Parabolic Sar below the price.
MACD histogram above zero line.
Place stop loss below the dot of Parabolic Sar.
Profit target discretionary.

Sell
Price close below middle band of Bollinger Bands.
RSI 5 crosses downward RSI 14.
Dot of Parabolic Sar above the price.
MACD histogram below zero line.
Place stop loss above the dot of Parabolic Sar.
Profit target discretionary.
Double RSI and MACD Strategy

Double RSI and MACD Strategy

Double RSI and MACD Strategy

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