Free Forex Systems (MT4), Trend Following Systems

Double RSI Trading System

Double RSI Trading System has got the top rank among best Forex trading strategies in the financial market. This system comes up with an idea to combine the best Forex trend indicator RSI with dual parameters. A Fisher histogram oscillator has also been added with the system to make it more productive with steady level of success.

Double RSI Trading System is suitable to apply on all Forex currency pairs and can be adjusted with all sorts of timeframe charts available at the mt4 trading terminal. That is why traders from all levels can be benefited well from this amazing Forex trading system.

Double RSI Trading System Overview

After the installation of Double RSI Trading System at your mt4 terminal, your trading chart should be appeared as the following image:

Double RSI Trading System
Time FrameCurrency PairsIndicator FactorsRatings
AnyAny39.7/10

Double RSI Trading System Anatomy

Double RSI Trading System Anatomy
  • RSI 2 & RSI 12: Here, an idea has been implemented to combine two different parameter of RSI at the same window. RSI 2 is fast and reacts with current price action very quickly. On the other hand, RSI 12 reacts more slowly to the price movements. RSI level at 70 is the overbought condition and at 30 level is considered as oversold condition of the market. RSI value positive signals the bullish force and a negative value is interpreted as the bearish thrust of the market momentum.
  • FX Fisher: It is a momentum oscillator. Its value is positive and rising means the momentum is bullish and a negative value with a falling pattern signals the bearish momentum is still intact.

Recommended Strategy: Trend Power Strategy

 Double RSI Trading System: Buy Parameters

Double RSI Trading System Anatomy Buy Parameters
  • The respective signaling bar closes as a bullish candle
  • RSI 2 crosses above RSI 12 from oversold condition
  • FX Fisher value turns positive with a rising pattern
  • Set stop loss below the signaling bar’s low
  • Exit long whenever RSI 2 crosses below RSI 12 and FX Fisher turns negative at the same time

Double RSI Trading System: Sell Parameters

Double RSI Trading System Anatomy Sell Parameters
  • The respective signaling bar closes as a bearish candle
  • RSI 2 crosses below RSI 12 from overbought condition
  • FX Fisher value turns negative with a falling pattern
  • Set stop loss above the signaling bar’s high
  • Exit short whenever RSI 2 crosses above RSI 12 and FX Fisher turns positive at the same time
Free Download Double RSI Trading System

Recommended Brokers

Share on:

I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

1 thought on “Double RSI Trading System”

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.