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.