RSI Intraday Scalping
Trend RSI intraday trading with MACD MW ( trend-strength) based on the RSI indicator and Pivot Points. This strategy is clear and leaves no doubt when you have to decide. Doubts begin when there are too many indicators.
Time frame 15 min.
Currency pairs: majors and indicies (low spreads).
Sessions trading: London and New York. Do not trade before the economic news.
Metatrader Indicators:
Bands (20, 2),
Moving average arrow (true), ( you can use also another arrow indicator, i show also Trend RSI scalping with Instant Fx arrow.).
SDX-Tz Pivots.
Trend RSI is an indicator formed by (RSI 9, EMA 5, ATR 14)
MACD MW :default setting (optional).
Rules
MACD filter (reccomended) optional.
Buy
Buy arrow confirmed by white dot of Trend RSI.
MACD MW blue bar
Sell
Sell arrow confirmed by red dot of Trend RSI.
MACD MW red bar
Exit Position
Make profit at the levels of pivot point this is always a best choice for intraday trading.
Place initial stop loss above/below the upper/lower band.
In the example there is also the template Trend RSI Scalping with the trend arrow : Instant fx.
In the pictures Trend RSI Scalping with MACD MW in action with two templates.
Trend RSI intraday trading with MACD MW
Trend RSI intraday trading with MACD MW ( trend-strength) based on the RSI indicator and Pivot Points.
Trend RSI Scalping.rar
compressed file archive 117.3 KB
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