- Featured Dealing centers with Metatrader 4 terminal.
Set aside an order to buy if the indicator forex RSI (10) crosses above its level 50, but you must wait for the candle to close, which happened intersection.
Buy-Stop Order must be set to the maximum spark, which happened on the intersection of RSI (10) of its line 50 +15 points.
Stop-loss set at the nearest local minimum. In addition, a buy position should be closed, if the RSI has crossed the level 50 in the opposite direction.
As soon as the RSI (10) crosses above the level of 60 - set the 2nd order to add to the position at a distance of 15 points from the maximum of candles, which happened to the intersection with the level of 60, but the volume is 2 times smaller than the original (first) or equal to the first (more risky option). Stop-loss - much lower than the local minimum at this point.
For trade I recommend to use a trailing stop at 100 points.
As soon as the RSI (10) crosses below the level 70 - you should close all open positions!
Items can also be shut down after breaking the trend line for the RSI (10) - see details below (vertical red line pukntirnye) - sometimes this intersection provides earlier signals of price reversal.
Thursday, October 15, 2015
Simple forex strategy at the RSI
Simple forex strategy on RSI - to trade you need to select the 4-hour chart the currency pair EURUSD and set the oscillator RSI (10) with the levels of 30, 40, 50, 60, 70; trade is conducted on a Buy Stop and Sell Stop.
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