This indicator is for you if you had been looking for a RSI based forex trading strategy. Best part about RSI MA Trading strategy is that it combines moving average with RSI and gives fantastic trading signals. But for any trader it is very important to learn the basics of market trend before trading with this trend following strategy. Good thing is it won’t take much time to learn the trends of the market. Read: Follow the Trend and Money will follow You to get basic knowledge of market trend. I’ve given more focus on trend because I don’t want you to enter in the counter trend direction of the market. You have greater chance to win when you are in the right direction of the market.
Forex RSI MA Trading Strategy Overview
| Time Frame | Currency Pairs | Indicators | Rating |
| M5, M15, H1, H4, and Daily | Any | 2 | 9.8/10 |
When you install Forex RSI MA Trading Strategy in your MetaTrader4, your chart will look like this:
About Forex RSI MA Trading Strategy
In your chart you will see two oscillators; green and blue. Blue oscillator moves faster than the green oscillator. Crossovers of these two oscillators will give you a buy and sell signal. Rule is simple. If the blue oscillator is above the green oscillator, it is an up trending market. Conversely when the green oscillator is above the blue oscillator, it is an indication of a down trending market. You should be familiar with multiple time frame stuffs when trading with trend following strategies. It is better to stick in a time frame when you trade with such systems.
Also Check: Tom Demark Trend Following System
Forex RSI MA Trading Strategy: Buy Parameters
- The currency pair should be trending higher on your time frame.
- Market should be bouncing from recent support level.
- A blue arrow should appear in Forex RSI MA indicator.
- Blue oscillator should cross above the green oscillator.
- Open your buy positions when above parameters are met.
- Keep your stop loss below the recent support level.
- Book your profits when you see a red arrow in Forex RSI MA indicator.
Forex RSI MA Trading Strategy: Sell Parameters
- The currency pair should be trending lower on your time frame.
- Market should be falling from recent resistance level.
- A red arrow should appear in Forex RSI MA indicator.
- Blue oscillator should cross below the green oscillator.
- Open your sell positions when above parameters are met.
- Keep your stop loss above the recent resistance level.
- Book your profits when you see a blue arrow in Forex RSI MA indicator.
