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Forex trading strategy #4 (RSI High-Low)

Although no trading system can solely rely on RSI indicator, using it in combination with other tools and proper technical analysis can bring a new edge to your Forex trading.

Setup:
Currency pair: Any.
Time frame: Any.
Indicator: RSI (14) with levels at 70 and 30.


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No problem :)
TP stands for Take Profit.

Regards,
Edward

Hi Ed,

GREAT Site!

Re:

"You can download one for your Metatrader4 platform here: wlxFractals.mq4

Regards,
Edward"

How do you add this code into MT4?

Thanks!

Thank you,

Detailed steps are described here:
How to add MT4 indicators

Regards,
Edward

I really like this site...

Thanks EDWARD

Henn, Sabah, Malaysia.

Thank you, Henn and welcome!

Regards,
Edward

Hi,

Unrealated to this site but....can you steer me toward one or more strategies related to Forex Correlation Trading. If not - just information???? Thanks Larry 909 262-6380 marathon.7(a)hotmail.com

Hey Larry,

there isn't much around.
the information is rather scarce, a little info here: http://www.forexmarkethours.com/correlation/06/

Thomas

Edward,
After entry at above 70%,the market proceed up another 30pips than ONLY come down, what safer level to exit?