RSI trend

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hello

i built a simple system with rsi indicator. it is for actfx platform.

The trading system is based on rsi indicator:

It open a buy position whe rsi cross 75 line and close the position only when the rsi cross the 25 line. No TP and SL.

It open a sell position when rsi cross 25 line and close the position onlly when rsi cross 75 line.

In this way we take all the trend.

The file attached is in.acts format if you can create a mql4 file.

Thanks

tony

Files:
rsitrend.txt  4 kb
 

new

hello this system is very good for 1 MIN CHART EUR USD with RSI 18 and RSI top=82 and RSI min=18 try it

 

This strategy is simple and very powerful! I just find amusing how 2 people far away think almost the same way?

I use RSI (10) 90/10 on 1H TF with no SL. The only difference is that for exit I use 5EMA, sometimes 3EMA. Try it on micro account and you cannot lose if you have a patience.

Cheers Hermes

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