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RSI Stochastic Oscillator Forex Trading System and Strategy


RSI Stochastic Oscillator Forex Trading System is a momentum force Trading System.

The RSI indicator provides a relative evaluation of the strength of the currency pairs recent price performance, thus making it a momentum indicator.

The stochastic oscillator is a momentum indicator comparing the closing price of the currency pairs to the range of its prices over a certain period of time.

  • Time Frame: M30 or higher
  • Currency Pairs: EURUSD, GBPUSD, USDJPY, and all major pairs

 

MetaTrader Trading Indicator
  • RSI
  • Stochastic Oscillator
  • PBF Fast 3MAs

 

BUY Rules

Trading NOTES

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  • RSI is above the level 50 line
  • The black Stochastic line has crossed up the gray Stochastic line and they are above the level 20 line
  • PBF Fast 3MAs blue color

 

SELL Rules

  • RSI is below the level 50 line
  • The black Stochastic line has crossed down the gray Stochastic line and they are below the level 80 line
  • PBF Fast 3MAs red color

 

Trading NOTES
  • Use a demo account or a small live account first to practice this trading system
  • Best Risk Reward Ratio 1:2 or 1:3

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