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RSX And Accelerator Indicator Forex Scalping Strategy
This is an intraday trading system which uses RSX and Accelerator indicators. This is useful in a 15-minute to 1-hour time frames and works in any currency pairs.
Metatrader Indicators:
- RSX (14 period)
- Heiken Asci;
- Megatrend indicator (80, period);
- Accelerator indicator;
- Pivot Points levels.
Long Entry:
- Blue Candle ( Heiken Ashi indicator )
- Blue AC Bar ( Accelerator Oscillator indicator ) , best if it’s above 0.0 level
- Blue RSX Bar ( RSX Indicator ) , best if it’s above 0.0 level
- Blue Trend Line ( Megatrend indicator )
Short Entry:
- Red Candle ( Heiken Ashi indicator )
- Red AC Bar ( Accelerator Oscillator indicator ) , best if it’s below 0.0 level
- Red RSX Bar ( RSX Indicator ) , best if it’s below 0.0 level
- RED Trend Line ( Megatrend indicator ).
Exit Position:
- Exit when you get an opposite signal.
- Exit when Accelerator indicator and RSX indicator get an opposite bar
- Take profit the levels of the pivot point levels (set stop loss 15 pips)
- Place target profit to 15-30 pips. And set stop loss to be the same.
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