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 Brogery on January 15, 2010 - 03:07.

Hi,

May i know what is regression line is it the same with EMA or SMA?

Regards,
Brogery

Submitted by Mennzz on January 15, 2010 - 00:09.

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!

Submitted by User on January 14, 2010 - 21:18.

Please tell where to find regression indicator for MT4 platform.
Thank you,

Submitted by Snowhyte on January 14, 2010 - 19:59.

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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forex trading strategy #29 (RSI & Regression line)

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