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.
- Time Frame: M15, M30, H1, H4, and D1
- Currency Pairs: GBPUSD, EURUSD, USDJPY, and all major pairs
- BBand Stop
- MTF RSI
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- Use a demo account or a small live account first to practice this trading system
- Price above the BBand Stop
- MTF RSI line above 50 level
- Price below the BBand Stop
- MTF RSI line below -50 level
- 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