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Trend RSI Forex Scalping Strategy
This is a scalping system that uses the trend RSI indicator to make this strategy possible, with the support of other indicators too. This is useful on a 5-minute chart or higher. The currency pairs that can be used in this system are the EURUSD and GBPUSD. Use this during London and New York sessions.
Metatrader Indicators:
- Trend RSI setting: Rsi periods 3, EMA periods 3, ATR periods 9, K 4,236,
- Arrow indicator: AGTS winner signals,
- THV4 TZ Pivots.
Long Entry:
- The arrow indicator: AGTS winner signals is buy
- Trend RSI signal: The line must be above the dots.
Short Entry:
- The arrow indicator: AGTS winner signals is sell.
- Trend RSI signal: The line must be below the dots.
Exit position:
- Exit at the opposite arrow or when Trend RSI indicator changes direction.
- Target profit is 8-10 pips or at the pivot levels.
- Place initial stop loss at the previous swing.
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