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.
Read entire post >>>
Active traders Poll - share your live experience or read what others have to say.
Who's online
There are currently 28 users online.
|
|
|
Submitted by User on January 14, 2010 - 14:30. Read entire post >>> |
You can help thousands improve their trading! |
Hi Azim,
When the RSI crosses either lines, you should wait until the bar closes, because, sometimes the the RSI line doesn't cross the buy or sell lines. Thats why you should always wait until you know for sure that it crossed the line.
Regarding the next strategy, you can visit: http://strtrading.blogspot.com . It's called "New! - Powerful Simple Trading Strategy II". This blog is dedicated to my next strategy's. The strategy I have on my blog will be posted soon.
I didn't use this method for long, and yes, I was on a live account. Currently, I'm using the "New! - Powerful Simple Trading Strategy II" on my blog.
Regards
-Mennzz
With RSI signal you'd be entering with the opening of the next candle.
I was trying this system alongside with my older one. It wasn't bad =)
Thomas
Good article, I have tested a reversion to the mean trading strategy and I cannot find an edge in it: reversion to the mean.
Post new comment