forex trading strategy #29 (RSI & Regression line)
Submitted by User on January 14, 2010 - 14:30.
Strategy by Mennzz
Currency: ANY
Time frame: Daily
Indicators: Regression(14), RSI(7)
Details in the photo below.
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Submitted by User on January 14, 2010 - 14:30. Read entire post >>> |
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Hi,
May i know what is regression line is it the same with EMA or SMA?
Regards,
Brogery
Hello,
Here's a tip you can use with this trading system. (How I would trade).
I would put a trade regularly as shown in Image 1, and exit when the RSI touches the 50 line, because it may bounce back up(in a down trend), or bounce back down(in an up trend). But, if it does continue going down past the 50 line, then you can get back in the trade, and continue.
(Example in image below).
Enjoy!
-Mennzz
Happy Trading!
Please tell where to find regression indicator for MT4 platform.
Thank you,
Hi,
Thanks for sharing.
Just could not make out what is the regression 14, mind explain in more detail?
Thanks/Snowhyte
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