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Advanced RSX
Advanced RSX is another scalping strategy that fits to all currency pairs in a 5, 15, 30 minutes and 1 hour timeframe.
Forex Indicators:
- RSX (6);
- CFB Adaptive RSX (default);
- RX5Bars;
- MH Arrow;
- Fractal (for swing stop loss).
Rules for LONG entry:
- Green Arrow is confirmed by green candles.
- RSX must be greater than CFB Adaptive RSX.
Rules for SHORT entry
- Red Arrow is confirmed by red candles
- RSX must be less than CFB Adaptive RSX.
Exit position, the candle must change its color. Place stop loss on previous swing.
The profit target in 5 minute chart must be 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips for GBPUSD.
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