Last updated: May 12, 2025

RSI And SFX MCL Forex Scalping Strategy

This is a scalping strategy that uses stochastic indicator as a filter. This works on a 5-minute or higher timeframe. This is useful on major currency pairs. take note that this strategy is not for beginners.

Metatrader Indicators:

• SFX MCL indicator;
• RSI Indicator (5-period) with two moving averages 11 and 34 periods;
• Stochastic Indicator (14,3,3)-low-High;
• Pivot points Levels;
• Trend Reversal indicator;

Long Entry:

• SFX MCL indicator line green must be greater than line blue.
• RSI and moving average 17 and 34 must cross in an upward direction.
• Trend Reversal indicator bars must be aqua;.
• Stochastic indicator crosses upward but is not in the oversold area.
• Avoid entering a long trade if the stochastic is in oversold area and the RSI is greater than 80.

Short Entry:

• SFX MCL indicator line green must be less than line blue.
• RSI indicator and moving average 17 and 34 must cross in a downward direction.
• Trend Reversal indicator bars must be red.
• Stochastic indicator crosses downward but is not in the overbought area.
• Avoid entering a short trade if the stochastic is in overbought area and the RSI is less than 20.

Exit Position:

• Exit when SFX MCL reverse.
• Profit target should be 5-8 pips or it depends on the currency pairs.
• Exit at the pivot points levels.
• Place stop loss at 10 pips below or above the entry bar.

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