Forex MA Cross RSI Strategy is considered as blessings to the modern day traders and scalpers for its easy but logical operations. It lets you to look up instantly at any currency pair of any time frame to find an entry or exit.
Forex MA Cross RSI Strategy has been composed with a set of very reliable indicators. These tools not only detect the trend directions but also measure its strengths and signals possible trade opportunities or exit points.
Once you install and apply this strategy correctly in you mt4 trading system, your charts will appear as follows:
Forex MA Cross RSI Strategy Overview:
- Super Scalper: It is a 28-period indicator designed to signal the trend validity. It is blue indicates trend is up and turns into dotted confirms the intactness of bearish thrust.
- MAs: Two different periods of Moving Averages (MAs) have been applied to support the signal of trend detection. They are configured as 50 and 100 day-period moving averages. Price above these MAs express bullish and below indicates bearish momentums.
- Fisher: This tool displays the mode of the current trend. Green bar signals uptrend and red points toward bearish trend respectively. A longer term market reading (200 periods) expresses its reliability over trend detection.
- Signal Generator: This indicator has been combined with RSI and Moving Averages (MAs). RSI above MAs are indicated with white dots and below the MAs are signaled by blue dots. White dots express bullish and red dot states bearishness of the market.
Generally Accepted Use:
- Super signal is blue
- Price is above the MAs (50, 100)
- Fisher turns green
- Signal Generator shows white dots
- SL below the signaling bar low
- Take profit when Super Signal is yellow dotted and Fisher bars starts to close lower than the previous bars
- Super signal is yellow dotted
- Price is below the MAs (50, 100)
- Fisher turns red
- Signal Generator shows blue dots
- SL above the signaling bar high
- Take profit when Super Signal is blue and Fisher bars starts to close higher than the previous bars
Download Free Forex MA Cross RSI Strategy
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