RSI Extreme System is widely accepted as the best Forex trading strategy based on Relative Strength Index and dynamic price channels around the Forex market. This system is able to guide you through trend detection, entry & exit points and possible trend swinging levels to perform in a steady basis growing up the accounts.
RSI Extreme System can be used to analyze any currency pair at the Forex market and fits best with all kind of timeframe charts available at the trading software. This is why this amazing Forex trading system is suitable for all kind of Forex traders.
When you successfully install RSI Extreme System on your MT4 trading software, your chart should appear as the following:
RSI Extreme System
Time Frame
Currency Pairs
Indicator Factors
Ratings
Any
Any
5
9.8/10
RSI Extreme System Anatomy
RSI Extreme System Anatomy
Upper TMA Bands: These set of bands works as dynamic resistance levels of the market. Price often gets rejected from these key levels signaling possible trend swinging and plots opportunities for traders to catch the bearish trend at the right time.
Lower TMA Bands: These set of bands works as dynamic support levels of the market. Price usually gets supported from these key levels from going further down and signals possible trend swinging and plots opportunities for traders to catch the bullish trend from the right area of the chart.
TMA Mid Band: It appears in between the TMA Channels. Price closes above its level signals the bullish trend and if closes below its level then represents the presence of the bearish force.
RSI Extreme Arrows: These arrows plots buy or sell signals with its up or downward arrows during Forex market hours based on RSI status.
Zee Zee 1: It works as a momentum scale. Its value falls from high to below 100 indicates the bearish thrust and rises from low and crosses above -100 level signals the bullish strength of the current market momentum.
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Looks like it does. Too good to be true. Testing on the one minute but everything is trending! LOL!!! Why do they do this to us?!!! Trading is hard enough without having to deal with garbage. The human type!
It does repaint. I don’t it matters to much with this system. The bands are “dynamic” so that should of answered your question. The RSI arrows don’t repaint. I took 6 trades last night on a 20$ account risking 1% each trade. I won 4 trades and 2 are in profit. Repainting could be an issue if not used properly. The combination of indicators work well in my opinion. I’ll continue trading on this live account. Thanks for sharing this system!!
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.
Does this indicator repaint and is it only for binary options or can i use it on forex pairs?
Looks like it does. Too good to be true. Testing on the one minute but everything is trending! LOL!!! Why do they do this to us?!!! Trading is hard enough without having to deal with garbage. The human type!
It does repaint. I don’t it matters to much with this system. The bands are “dynamic” so that should of answered your question. The RSI arrows don’t repaint. I took 6 trades last night on a 20$ account risking 1% each trade. I won 4 trades and 2 are in profit. Repainting could be an issue if not used properly. The combination of indicators work well in my opinion. I’ll continue trading on this live account. Thanks for sharing this system!!