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RSX Contrarian Forex Scalping Strategy
This is a scalping strategy that is based on RSX indicator with a help of 3 other indicator that compliments with RSX. this is useful in a 15 minute timeframe and works in all major pairs.
Metatrader Indicator:
- RSX (14)
- Damiani Volameter,
- Stochastic (5,4,3),
- Pivot Point.
Buy Entry:
- RSX blue bars is less than 0.
- Stochastic must cross upward.
- Damiani Trade Zone.
Sell Entry:
- RSX red bars is greater than 0.
- Stochastic must cross downward.
- Damiani Trade Zone.
Exit Position:
- At the pivot levels
- Profit Target predetermined.
- Stop loss at the previous swing and after 6 pips in gain move stop loss 4 pips.
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