RSI Scalping Strategy

RSI is a indicators momentum so popular is used as a tool of forex analysis. In particular, Constance Brown book, technical analysis for the Trading professional, have a concept of bull markets and bear markets a range of RSI. Andrew Cardwell, Brown RSI mentor, introducing positive and negative reversal for RSI. In addition, Cardwell brought the notion of difference, literally and figuratively.

To use this strategy avoid NEWS, trade 30 minutes after news. The following guide of RSI Scalping Starategy.


PAIRS : GBP/USD, EURUSD, AUD/USD
TF : 1M, 5M
Spread max : 0,00025

Indicators:
- 2MA Crossover deafult
- Heiken Ashi Smoothed
- RSI Default
- Double CCI Woody
- Spudfib

Buy Entry :
Signal BUY 2MA Crossover
Doube CCI Woody is GREEN
RSI > 55

Sell Entry :
Signal Buy 2MA Crossover
Doube CCI Wody is GREEN
RSI < 45

1M TF EXIT
Target = 10 pips / Fibonaci level
Stop Loss = 10 pips / HA changed color from GREEN to RED

5M TF EXIT
Target = 15 pips / Fibonaci level
Stop Loss = 12 pips / HA changed color from RED at GREEN

Trade NEWS
Never trade 30 minutes before and after news events.

Free Download RSI Scalping Indicators