8# RSI and Stochastic Trading System

Submit by Forexstrategiesresources

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

Long Entry Position:

when RSI has crossed below 30, formed a bottom, and then crossed back up through 30 and Stochastic is >50.

Sell Entry Position:

when RSI has crossed above 70, formed a peak, and then crossed back down through 70 and Stochastic is <50.

Exit Orders

a) Our initial stop when long will be 4 pips below the two-bar low; our initial stop when short will be one point above the two-bar high.

b) When long, we'll trail a stop at the most recent swing low (strength one); when short, we'll trail a stop at the most recent swing high (strength one).

c) We'll also enable a money-management stop, a breakeven stop, and a $ risk trailing stop.

d) aggressive Take Profit

In the picture below RSI and Stochastic Trading System in action

RSI Stochastic Trading

Comments: 7

#7
amir hossein alinejad (Tuesday, 07 December 2021 00:32)

i want this expert
#6
haqi (Tuesday, 26 November 2019 07:35)

ggoooddd
#5
Budi (Wednesday, 21 August 2019 18:12)

Mantul
#4
venkatesh (Thursday, 25 April 2019 05:43)

down load
#3
s (Friday, 03 August 2018 05:20)

s
#2
afshin (Monday, 23 November 2015 06:23)

stoch is in above image (8,3,3)

it is not (11,3,3)
#1
afshin (Saturday, 21 November 2015 11:34)

hi