Rsi 5m Forex Scalping

Rsi 5m forex scalping

Submit by James 02/04/2013

Time Frame 15min.

Currency paird:any.

Metatrader Indicators:

Market pulse indicator (10, 1, 20) with dll file;

RSI smoothed indicator (5,5,0,5,9,3) overbought: 0.5-1.05; oversold:-0.5-1.05:

Ehlres-cog (10 period).

Trade only when aqua line market pulse > orange line.

Buy

Market pulse aqua line> orange line;

RSI indicator in oversold Zone crosses upward;

Ehlres-cog crosses upward.

Sell

Market pulse aqua line> orange line;

RSI indicator in oversold Zone crosses downward;

Ehlres-cog crosses downward.

Exit position:

When Ehlres-cog crosses downward for buy, and, upward for sell.

Profit Target predetermined 8-14 pips pr on the pivot levels.

Stop loss 10-15 pips.

In the pictures below Market pulse filter for rsi scalping in action.

Share your opinion, can help everyone to understand the forex strategy.

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RSI Scalping

RSI Scalping Metatrader libraries

RSI Scalping libraries.These dll files are important for to use this trading system

RSI Scalping libraries.rar

compressed file archive733.1 KB

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RSI Scalping Forex Indicators

RSI Scalping Indicators

RSI Scalping Indicators.rar

compressed file archive21.5 KB

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rsi scalping Template

rsi Trading System scalping Template

rsi scalping Template.rar

compressed file archive2.3 KB

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Forex RSI Indicator Strategy