Tag: RSI

Chande Oscillator and RSI Trading System

This is a simple trading system that looks for overbought and oversold conditions in the price to enter the market, so it works best in non-trending markets, but still offers the ability to build an equity curve that grows positively and constant. It is based on the use of two-oscillator indicators, the RSI and the Chande oscillator, which are quite … Read more

Forex Trading System Scalping Gold

by rcanessa

In this article, we are going to introduce a scalping trading system designed for trading spot Forex and precious metals which can be quite profitable if the trader follows the rules carefully. This system is based on custom technical indicators for Metatrader 4, so unfortunately it can only be used on this trading platform. Firstly, it uses a trend indicator … Read more

RSI Signals Indicator for Metatrader 4

by rcanessa

In this article, we present a custom dashboard indicator for Metatrader 4, called RSI Signals, which displays multiple signals from the RSI indicator on different instruments and time frames. It is a free custom indicator where the trader can select the currency pairs and time frames they want to view. Also, it is able to show when the RSI is … Read more

Trading System Based on 4 EMA Crossover

by rcanessa

The trading strategy that we present below is a system based on the crossover of 4 exponential moving averages (EMA) of 5, 10, 20 and 50 periods. In this sense, it is no different from other similar strategies, but includes indicators such as the RSI and stochastic oscillator to measure market momentum, which allows the trader to confirm the reliability of the crosses. We should recall that in trading systems based on moving averages crossies false signals may occur and therefore it is important to employ means for filtering signals.This system also includes a custom indicator for Metatrader 4 (EMA/EMA Cross Indicator) which serves to signal EMA crossings.

The system and its rules are quite simple as discussed below. As always we recommend trying the strategy on a demo account before risking real money.

Trading System with RSI Oscillator and ATR Indicator

by rcanessa

This trading strategy is ideal for traders who work full time but want to build a lucrative career as traders in the Forex or other markets, without having to sacrifice time from their work or other activities.

It is a system that uses several well-known and widely used technical indicators, the RSI, the moving averages and the ATR, to generate market entry and exit signals. These indicators are found in all graphical analysis packages on the market.

Price Reversal Trading System with ZigZag and RSI Indicators

by rcanessa

The trading system that we are going to present below is a market reversal strategy that uses several modified technical indicators developed for the Metatrader 4 platform. Due to this, this system can only be used on this trading platform. This methodology can be used to trade in most markets, including Forex.

This strategy aims to identify the areas in which the price is likely to change its trend. The modified indicators are based on the well-known Parabolic SAR and Zigzag and a modified moving average is known as the VAR Moving Average, which is used to indicate whether the trend of an asset is reversing. As a filter, we use the RSI indicator.

Because it is a trading system based solely on technical indicators, it has mechanical entry and exit rules and it is quite simple to apply. Therefore, it does not require much interpretation.

As always, it is recommended to test this reversal trading system with a demo account before using it to trade with real money.

The ConnorsRSI Indicator – Calculation and Strategy

by rcanessa

Before analyzing this technical tool in detail, I have to clarify that this indicator developed by Larry Connors is not exactly the same as that used in the RSI2 strategy (a simple 2-period RSI), although the strategy that we will see throughout the article has some similarity, although with some additional twist. But let’s not entertain ourselves, let’s start with the preliminaries: what is the ConnorsRSI?

The ConnorsRSI Formula

The ConnorsRSI indicator formula consists of 3 elements:

1-) An RSI of 3 periods, in order to measure the momentum of the price in the short term.

Double RSI Trading System for Forex

by rcanessa

The trading system that we are going to present below is based on the use of two RSIs, as the name implies, specifically the crossings of two RSIs with different periods (One with a short period and the other with a longer period). As a filter of the signals generated by the crossings, the Fisher indicator is used, which allows having more reliable trading signals, since RSI crossings under certain market conditions can generate false signals and losses that could be avoided with the right filter.

The system itself is not complex. Long positions are opened at the RSI bullish crosses and short positions at the RSI bearish crosses. The Fisher indicator is used as a tool to confirm the different signals.

As always, it is recommended to test the system in a demo account before using it to trade with real money.

Forex Intraday Trading System ProEMAGain

by rcanessa

This Forex intraday system is based, mainly, on an interesting custom indicator for Metatrader 4 called ProEMAGain. This indicator consists of three exponential moving averages (EMA), and an RSI indicator. These indicators are common tools for the analysis of the Forex market, but here they are combined, originating a very profitable system. This combination gives the right and necessary information, in addition to being visually effective, to make decisions quickly and correctly.

It is recommended to trade with this trading strategy only in the major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD.

Trading System with RSI and Stochastic Oscillator

by rcanessa

This trading system based on technical analysis combine three of the most used technical indicators. The moving average is a trend indicator and the stochastic and the RSI are oscillators used to determine when the market is oversold and overbought and the strength of the price movement, so this combination can provide safer trading signals.

Introduction

This is a simple trading technique that combines the use of the RSI, the stochastic oscillator and the moving averages. It is an easy to use strategie that can be used to trade in any market. Because this trading technique use oscillators is most commonly recommended for markets that are not moving with a strong trend as it can produce multiple false signals.

If you use this strategy in a trending market, you must open your positions until all specified trading conditions are met.

+ More