FREE DOWNLOAD “High Accuracy RSI Stochastic Oscillator MT4 Trading System” – The combination of RSI and Stochastic Oscillator is one of the most recommended trading systems you should know.
Stochastic Oscillator can be used to determine when a market is overbought or oversold.
RSI can help us determine the trend, time entries, and more. If RSI is above 50, momentum is considered up and traders can look for opportunities to buy the market. A drop below 50 would indicate the development of a new bearish market trend.
- Best Time Frame: Daily TF chart
- Currency Pairs: Any
- Stochastic Oscillator
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- Use a demo account or a small live account first to practice this trading system
- Stochastic Oscillator: The indicator moves up from the 25 level (oversold area)
- RSI line: Above the level 55 line
- Stochastic Oscillator: the indicator moves down from the 75 level (overbought area)
- RSI line: Below the level 45 line