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Trend Following Trading with FGM RSI Profitable Strategy


FGM RSI Profitable Strategy is a trend following strategy for intraday or swing trading. It’s basedon trend and momentum indicators. This strategy is very simple and clear.

  • Time Frame: 15 min or higher
  • Financial Markets: any

 

MetaTrader Trading Indicators
  • FGM
  • GG Trend Bars
  • Profitable strategy
  • Relative Strength Index

 

BUY Rules

Trading NOTES

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  • The price above the blue, aqua, and yellow lines
  • Profitable strategy green color
  • Relative Strength Index line upward and above 50

 

SELL Rules

  • The price below the blue, aqua, and yellow lines
  • Profitable strategy red color
  • Relative Strength Index line downward and below 50

 

Trading NOTES
  • Exit position options:
    • Risk reward Ratio 1:2 or 1:3 (the initial stop loss on the previous swing)
    • For Long entry: when the blue line crosses the aqua blue (light blue line) from the top to bottom, close the trade.
    • For Short entry: when the blue line crosses the aqua line from the bottom to top, close the trade.
  • It is important to apply this trading system on the trending market

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