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.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: 15 min or higher
- Financial Markets: any
MetaTrader Trading Indicators
- FGM
- GG Trend Bars
- Profitable strategy
- Relative Strength Index
BUY Rules
- 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