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RSI Distance Grid Scalping

RSI Grid Scalping Distance

(Price go higher after Christmas)

The EA was Built for the purpose of scalping the RSI levels by reaching the grid price levels the strategy works like this ( RSI is most typically used on a 14-day timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30, respectively. Short or longer timeframes are used for alternately shorter or longer outlooks. High and low levels—80 and 20, or 90 and 10—occur less frequently but indicate stronger momentum.) But for this occasion i modified few things for shorter timeframes on fast profit the EA does not have a traditional stop loss or take profit is hidden, and it opens and close trades automatically, by finding the distance between RSI levels and the grid.

Time Frames

5M-15M-30M-1H-4H

Pairs

  1. Low Spread Forex
  2. Commodities
  3. Stocks


Recommendations

  1. Short time frames
  2. Low risk



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