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RSI MTF Trading System – Forex RSI Price Action Multi Time Frame Trading System – This “RSI Price Action Multi Time Frame Trading System“provides a relative evaluation of the strength of a security’s recent price performance, thus making it a momentum trading strategy.
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, M30, H1, H4, and D1
- Currency Pairs: GBPUSD, EURUSD, USDJPY, and all major pairs
MetaTrader Trading Indicators
- BBand Stop
- MTF RSI
How to install “BBand Stop RSI Price Action Trading System“
- Download “TraderVersity.Com-RSIMTF” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-RSIMTF.tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Metatrader Client.
- Select Chart and Timeframe where you want to test your forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-RSIMTF” trading system and strategy
- You will see “BBand Stop RSI Price Action Trading System” is available on your Chart
BUY Rules
- Price above the BBand Stop
- MTF RSI line above 50 level
SELL Rules
- Price below the BBand Stop
- MTF RSI line below -50 level
Trading NOTES
- This “RSI Price Action Multi Time Frame Trading System” is a very easy, simple, and high accuracy trading system.
- The RSI is often used in conjunction with trend lines, as trend line support or resistance often coincides with support or resistance levels in the RSI reading.
- Best Risk Reward Ratio 1:3
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