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Double RSI 1 min Scalping System

Double RSI 1 min Scalping System is momentum-strategy for fast trading.
This strategy is also simple for create a expert advisor.
Time Frame 1 min.
Currency pairs with low spread: EUR/USD, GBP/USD, USD/JPY.
Forex Indicators:
RSI (14 period, close, with levels 25 and 75),
RSI (2 period, close with level 95 and 5),
100 SMA smoothedfor visual trend direction (optional).
Sessions: London and New York.
Trading Rules Double RSI 1 min Scalping System
Buy
RSI 14 is below 25 level.
RSI 2 is below 5 level.
Sell
RSI 14 is above75 level.
RSI 2 is above 95 level.
Profit Target 3-5 pips.
Stop loss 3 pips below/above the entry bar.
If you want gain more pips filters the signals with time frame of 5 min in this case you can have profit target of 8-12 pips.
In the charts below example of trades with Double RSI 1 min Scalping System.
Double RSI 1 min Scalping System

Double RSI 1 min Scalping System

Double RSI 1 min Scalping System

Double RSI 1 min Scalping System Reviewed by learn forex trading on June 19, 2017 Rating: 5

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