RSX Contrarian Forex Scalping Strategy


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.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.


Please enter your comment!
Please enter your name here