Smartfx strategy ~ forex trading hours friday
Simple yet profitable strategy Smartfx strategy.
Trend-Momentum strategy.
Time frame only30 min time frame.
Currency pairs: majors (EUR/USD, USD/CHF, AUD/USD, AUD/NZD, NZD/USD, GBP/USD, GBP/JPY, USD/CAD, USD/JPY,)
Indicator:( Relative Strength Index 21 period, close).
Smatfx trading Rules
Long Entry
Long Entry
Buy when the RSI crosses above and candle closed and stop loss below the cross over candle
Short Entry
Sell when the RSI crosses below and the candle closed and stop loss above the cross over candle.
Sell when the RSI crosses below and the candle closed and stop loss above the cross over candle.
Close position: discertionary
Disadvantage: This strategy works best in trending in ranging markets lot of false signals.
Disadvantage: This strategy works best in trending in ranging markets lot of false signals.
Advantage: very simple.
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