This “Forex Multi RSI Trading System” is extremely accurate. Simplicity is key here. Trend identification is done by one of the most used forex indicator- RSI (Relative strength index), which is also used for entry timing (different settings applied).
Trading NOTES
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
- Time Frame: M15 or higher
- Currency Pairs: EURUSD, GBPUSD or any other currency pair with reasonable spread.
MetaTrader Trading Indicators
- Relative Strength Index
- BPS Support and resistance
- EMA Crossover Signal
- Moving Average
- Holy GukGukGuk
How to install “Multi RSI Trading System“
- Download “TraderVersity.Com-MultiRSI” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-MultiRSI.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-MultiRSI” trading system and strategy
- You will see “Multi RSI Trading System” is available on your Chart
BUY Rules
- Relative Strength Index:
- both red line and blue line above the 50 level
- the red line above the blue line
- EMA Crossover Signal: lime arrow
- Moving Average: 5 EMA > 13 EMA
- Holy GukGukGuk: green bars
SELL Rules
- Relative Strength Index:
- both red line and blue line below the 50 level
- the red line below the blue line
- EMA Crossover Signal: magenta arrow
- Moving Average: 5 EMA < 13 EMA
- Holy GukGukGuk: purple bars
Trading NOTES
- Exit position:
- when appears opposite arrow (speculative trade)
- Profit Target predetermined, depends by time frame and currency, or ratio 1:2 stop loss.
- Stop loss on the previous swing