Top Ad unit 728 × 90

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

Daily strategy RSI with Stochastic Reviewed by learn forex trading on June 14, 2017 Rating: 5

No comments:

All Rights Reserved by Learn Forex Trading © 2014 - 2019

Contact form

Name

Email *

Message *

Powered by Blogger.