RSX Contrarian Forex Scalping Strategy

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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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