Last updated:
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.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link