RSI Hi-Low
Author: XEN
Filed Under Strategies | Leave a Comment
The RSI Hi-Low makes great use of the RSI levels 30 and 70. These two levels are the effective support and resistance of RSI.
For this strategy you can use any of 5, 15, 30 minutes time-frames. Best currencies to trade this would be euro-jpy and gbp-usd because these two pairs have frequent high-lows.
I recommend using [...]
Simple MACD Crossover
Author: XEN
Filed Under Strategies | Leave a Comment
Trading with MACD indicator is widely used by Forex traders.
Set up a MACD with standard settings. I recommend using the 15minute or 30minute timeframe
The simple MACD crossover:
Rules:
Wait for the price bar to close after a MACD crossover and then enter. You can enter before the price bar closes, but it’s a precaution.
Exit when when the [...]
Take Profit Level
Author: XEN
Filed Under Strategies | Leave a Comment
After a fair time of trading with fixed take profit levels, I started testing different dynamic methods of setting take profit and stop loss.
I have analysed allot of trading strategies, especially day trading strategies. And most of the traders put all their attention on entry points and totally ignore exit points or “take profit” levels.
Take profit level should always be taken in consideration [...]
Speeding Trend
Author: XEN
Filed Under Strategies | Leave a Comment
I call a speeding trend, the trend that never goes back more than half of the last candle(in the right direction).
So a good example to demonstrate the speeding trend is a down trend
- First two candles are down
- 3rd candle is also down, but it’s down by about 15 pips
If the next candle, being an [...]
