Simple RSX Forex Scalping Strategy
This is a scalping strategy that is based on RSX and DPI indicator with 2 MA or moving average. It can be used on a 15 minute timeframe and works in any currency pairs.
Metatrader Indicators:
- DPI indicator;
- exponential moving averages (EMA 34, EMA 89,);
- RSX CfB adaptive, indicator;
- All pivot indicator. For exit.
The flat zone will be known through the 2 horizontal lines at 14 and -14 in RSX. Just draw line in those area.
You have to know the trend. Trend is up when EMA 34 is greater than EMA 89 and DPI is greater than EMAs. The trend is flat if DPI is into EMA 34 and EMA 89.
Buy Entry:
- At close of the first bar with DPI is greater than EMA 34 and is greater than EMA 89.
- RSX aqua is not in flat area.
Sell Entry:
- At close of the firs bar with DPI is less than EMA 34 and EMA 89.
- RSX red is not in flat area.
Exit Position:
- RSX must change color.
- exit on the levels all pivots.
- Stop loss should be 3 pips above 34 EMA for sell. below 34 EMA for buy.
- Quick take profit is advised since this is a scalping strategy. It also depend on the currency pairs.
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