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.
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