Last updated:
Simple RSI Forex Scalping Strategy
This is a scalping strategy that focuses on RSI indicator and accompanied by other indicators for confirmation. This system works 15 minutes timeframe and is applicable to any currency pairs.
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).
Rules:
- Enter trade when aqua line market pulse is greater than orange line.
Buy Entry:
- Market pulse aqua line is greater than orange line.
- RSI indicator in oversold Zone crosses upward.
- Ehlres-cog crosses upward.
Sell Entry:
- Market pulse aqua line is greater than orange line.
- RSI indicator in oversold Zone crosses downward.
- Ehlres-cog crosses downward.
Exit position:
- Ehlres-cog must cross downward for buy and upward for sell.
- Take profit is predetermined 8-14 pips pr on the pivot levels.
- Place stop loss at 10-15 pips.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link