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RSI( Relative Strength Index) trading strategy -Forex Buffalo Forum

RSI( Relative Strength Index) trading strategy -Forex Buffalo Forum

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RSI Trading Strategy
     Forex Buffalo
Arrange

• Currency pair: Any.



• Time frame: Any.



• Indicator: RSI (14) with levels at 70 and 30.
Entry rules:
• Buy :



• when RSI has crossed
  below 30, formed a bottom, and
  then crossed back up through 30.
Entry rules:
• Sell :



• Sell when RSI has crossed above
  70, formed a peak, and then
  crossed back down through 70.
RSI :
Advantages:
• RSI is a very good indicator to refer for
  confirmation for any entry in any simple or
  complex trading system.

• For current trading method it advices well on
  entries, but opportunities occur not that
  often.

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RSI( Relative Strength Index) trading strategy -Forex Buffalo Forum