You can now download the RSX Forex Scalping Strategy for free on AtoZ Markets indicators gallery.
This is a scalping strategy that is based on RSX and DPI indicator with 2 MA or moving average. It can be used on a 15-minute timeframe and works in any currency pairs.
- DPI indicator;
- exponential moving averages (EMA 34, EMA 89,);
- RSX CfB adaptive, indicator;
- All pivot indicator. For exit.
The flat zone will be known through the 2 horizontal lines at 14 and -14 in RSX. Just draw a line in those areas.
You have to know about the trend. The trend is up when EMA 34 is greater than EMA 89 and DPI is greater than EMAs. The trend is flat if DPI is into EMA 34 and EMA 89.
How to trade with RSX Forex Scalping Strategy?
- At the close of the first bar with DPI is greater than EMA 34 and is greater than EMA 89.
- RSX aqua is not in the flat area.
- At the close of the first bar with DPI is less than EMA 34 and EMA 89.
- RSX red is not in a flat area.
- RSX must change color.
- exit on the levels all pivots.
- Stop-loss should be 3 pips above 34 EMA for sell. below 34 EMA for buy.
- Quick take profit is advised since this is a scalping strategy. It also depends on the currency pairs.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “RSX Forex Scalping Strategy” template to apply it on the chart.
Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.