RSX Contrarian Forex Scalping Strategy

This is a scalping strategy that is based on RSX indicator with a help of 3 other indicator that compliments with RSX. this is useful in a 15 minute timeframe and works in all major pairs.

Metatrader Indicator:

• RSX (14)
• Damiani Volameter,
• Stochastic (5,4,3),
• Pivot Point.

Buy Entry:

• RSX blue bars is less than 0.
• Stochastic must cross upward.
• Damiani Trade Zone.

Sell Entry:

• RSX red bars is greater than 0.
• Stochastic must cross downward.
• Damiani Trade Zone.

Exit Position:

• At the pivot levels
• Profit Target predetermined.
• Stop loss at the previous swing and after 6 pips in gain move stop loss 4 pips.

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