RSI Retrace Scalping MT4 Forex Trading Strategy


You can now download RSI Retrace Scalping MT4 Forex Trading Strategy for free on AtoZ Markets indicators gallery.

The oscillating indicator we will be looking at will be the Relative Strength Indicator (RSI). Normally, traders use it to determine overextended prices. If the RSI is above 70, the market is said to be overbought. If it is below 30, then the market is said to be oversold. But this is not the only way to look at RSI. Instead, in a bullish bias market, we will be looking first for RSI to drop, before it continues its bullish trend.

Timeframe: any

Currency Pairs: any

Trading Session: any

How to Trade Using RSI Retrace Scalping Forex Trading Strategy?

Buy Entry:

  • Price should be above the 200 EMA (green moving average)
  • The RSI should go below 40 but not go below 25
  • Wait for the RSI to go back above 40
  • Enter at the close of the candle corresponding to when the RSI crosses above 40

Stop Loss: Set the stop loss at the swing low generated by the bullish price thrust

Take Profit: Set the take profit at 2x the risk on the stop loss.

Sell Entry:

  • Price should be below the 200 EMA (green moving average)
  • The RSI should go above 60 but not go above 75
  • Wait for the RSI to go back below 60
  • Enter at the close of the candle corresponding to when the RSI crosses below 60

Stop Loss: Set the stop loss at the swing high generated by the bearish price thrust

Take Profit: Set the take profit at 2x the risk on the stop loss

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How to download and install an indicator

In order to install the indicator on your MT4 platform, you need to follow these steps:

  1. Click on the “Download Indicator” button located at the bottom of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into the MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select the “RSI Retrace Scalping MT4 Forex Trading Strategy” template to apply it on the chart.

Note: This indicator was developed by Mark. AtoZ Markets does not carry any copyrights over this trading tool.

Should you trade Forex using RSI Retrace Scalping strategy on your own at all?

Before you start trading with this strategy, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

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