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RBCI Forex Scalping Strategy
This is a scalping strategy that uses a 5 minute timeframe or higher and works on all major currency pairs. This is called RBCI because it uses more on RBCI indicator but other indicators are place also for confirmation.
Forex Indicators:
- LWMA 4 High
- LWMA 4 Low
- 21 EMA
- 50 EMA
- RBCI
Long Entry:
- Follow the trend when using this strategy. You will know that it is an uptrend when H and L 4LWMA is greater than EMA 21 and EMAE 50.
- Buy when RBCI is crossing up the aqua line from below.
Short Entry:
- Follow the trend when using this strategy. You will know that it is a downtrend when H and L 4LWMA is less than EMA 21 and EMA 50.
- Sell when RBCI is crossing down the blue line from above.
Exit strategy:
- Take Profit at 5-10 pips AUD/USD, USD/CHF, USDCAD, 6 pips for EURUSD, 7-8 pips at GBPUSD 9-10 pips.
- Place Stop Loss at 9-12 pips.
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