Forex Blast RSI Trading Strategy is just another great invention for effective trading and very much ideal for professional forex scalpers & intraday traders.
Blast RSI trading strategy is a combination of two indicators named Classy Blast and DACOPEN. The goal of this indicator is to catch the momentum of a trendy market with a better point of entry and exit.
Blast RSI strategy is famous for spotting both trend condition and current price sentiment at the same time that allows a trader to lead a more relaxing everyday trading life.
Before jumping to trade I would recommend to master the basics of trend.
Forex Blast RSI Trading Strategy Overview
|Time Frame||Currency Pairs||Indicators||Ratings|
|M15 to Any||Any||2||9.8/10|
Once you install this trading strategy in your Metatrader4 platform, the chart will look like this:
Forex Blast RSI Trading Strategy Indicators Overview
- Classy Blast: Located at the first indicator window. Though it looks like a combination of various colors but actually it is very easy to read. Whenever Classy Blast changes its color means the change of current price movement sentiment to the opposite direction. If you see there is no color or it is blank, that means current price sentiment is neutral or you can say market is just taking a nap and you should not knock the market while it is napping. That is a rule you should remember!
- DACOPEN: You’ll find it at the second window. This is a trend indicator that tells you the condition of current market trend. DACOPEN is red indicates bullish and red indicates bearishness of the present market trend.
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Forex Blast RSI Trading Strategy: Buy Parameters
- Classy Blast color changes to green/yellow
- DACOPEN turns into white color
- Set stop loss limit below the signaling bar low
- Take profit when Classy Blast color changes an DACOPEN turns into red
Forex Blast RSI Trading Strategy: Sell Parameters
- Classy Blast color changes to red/maroon
- DACOPEN turns into red color
- Set stop loss limit above the signaling bar high
- Take profit when Classy Blast color changes an DACOPEN turns into white