RSI MA Trading System is a forex trading system which consists of a very simple technical indicator. The RSI MA Trading System consists of a single indicator. The system is very easy to trade and beginners can easily grab the functionality of the system. The RSI MA Trading System is equally beneficial to the newbies as well as experienced traders. The RSI MA Trading System can be used to trade in all time frames. However, I want to let you know that scalping might be dangerous. So, it is recommended to trade in higher time frames than 15 minutes chart.
When the RSI MA Trading System is correctly installed in your trading platform, your chart should look like this:
- RSI MA
This indicator is called RSI MA because it was developed on the basis of RSI and moving average. RSI MA is the main signal generator indicator of this forex trading system. RSI MA consists of two oscillators of green and blue color. You should trade on the basis of blue and red arrows that you see in the RSI MA indicator. To make sure that your trade has higher probability of winning, you should trade in the direction of trend, never trade against the trend.
Buying Conditions Using RSI MA Trading System.
- Market should be up trending.
- Blue oscillator of the RSI MA indicator should cross above the golden oscillator.
- A blue arrow pointing upward should appear below the oscillators.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a red arrow appears above the two oscillators.
Selling Conditions Using RSI MA System.
- Market should be down trending.
- Blue oscillator of the RSI MA indicator should cross below the golden oscillator.
- A red arrow pointing downward should appear above the oscillators.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a blue arrow appears below the two oscillators.
Download Free Forex RSI MA Trading System
Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below: