Advanced RSX Forex Scalping Strategy

Tim Morris

August 10, 2016

560

Advanced RSX

Advanced RSX is another scalping strategy that fits to all currency pairs in a 5, 15, 30 minutes and 1 hour timeframe.

Forex Indicators:

RSX (6);
CFB Adaptive RSX (default);
RX5Bars;
MH Arrow;
Fractal (for swing stop loss).

Rules for LONG entry:

Green Arrow is confirmed by green candles.
RSX must be greater than CFB Adaptive RSX.

Rules for SHORT entry

Red Arrow is confirmed by red candles
RSX must be less than CFB Adaptive RSX.

Exit position, the candle must change its color. Place stop loss on previous swing.
The profit target in 5 minute chart must be 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips for GBPUSD.

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