Advanced RSX Strategy (Scalping 4H or Daily)

joy22 · Aug 6, 2011

Time Frame 4h or Daily (This setup is for 4H TF).
Currency Pairs:all.

Indicators:
RSX (6)
CFB adaptive RSX (default)
QQQE Arrow

Long Entry
Arrow buy green is confirmed by RSX>CFB Adapive RSX.

Short Entry
Arrow sell red is confirmed by RSX<CFB Adapive RSX.

Stop loss:
for buy on the lower of the entry bar;
for sell on the higher on entry bar.

Target profit two options:
1) 1,3 ratio;
2) EUR/USD 50 pips, AUD/USD, EUR/CHF, USD/CAD 45 pips, GBP/USD, EUR/JPY 60 pips, GBP/JPY 65 pips;

joy22 · Aug 6, 2011

joy22 said:
Time Frame 4h or Daily (This setup is for 4H TF).
Currency Pairs:all.

Indicators:
RSX (6)
CFB adaptive RSX (default)
QQQE Arrow

Long Entry
Arrow buy green is confirmed by RSX>CFB Adapive RSX.

Short Entry
Arrow sell red is confirmed by RSX<CFB Adapive RSX.

Stop loss:
for buy on the lower of the entry bar;
for sell on the higher on entry bar.

Target profit two options:
1) 1,3 ratio;
2) EUR/USD 50 pips, AUD/USD, EUR/CHF, USD/CAD 45 pips, GBP/USD, EUR/JPY 60 pips, GBP/JPY 65 pips;

Stop loss:
for buy on the lower of the entry bar;
for sell on the higher on entry bar.

Target Profit 2 Options
1) ratio 1,3 (if stop loss is 40 pips, target is 53 pips)
2) Profit target: EUR / USD 50 pips,- AUD / USD, EUR / CHF, USD / CAD 45 pips,- GBP / USD, EUR / JPY 60 pips, GBP / JPY 65 pips.

joy22

FaizanKauser · Aug 7, 2011

Wow this system looks promising, can it be used on a lower time scaled chart, such as 1hr???

-F

joy22 · Aug 7, 2011

this setup h4
martingala
0.01-0.02- 0.04-0.08-0.16-0.32-0.4 stop

joy22

Advanced RSX Strategy (Scalping 4H or Daily)

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