1 minute Scalping with RSI and Stochastic- Mobile Forex Strategy
High Profitable Strategy
Best Trend Momentum Strategy
Submit by Dimitri
1 minute Scalping with RSI and Stochastic is a best trend momentum strategy high profitable, based on reletive Strength Index, Stochastic oscillator and Simple moving averages. This strategy, although configured to work at 1 minute time frame, is suitable for all time frames.The aim of the strategy is to seek a concordance between the overbought and oversold areas of the momentum indicators and the crossing of the moving averages in the opposite direction, not only but the divergences that are formed are a killer market.
Setup Strategy
Time Frame 1 min or higher.
Currency pairs: Volatile pairs and Indices
Sessions: 1 minute and 5 minutes time frame: London and NewY ork.
Indicators
Main chart
Simple Moving average 11 periods, close.
Simple Moving average 21 periods, close.
Simple Moving average 34 periods, close.
Sub Window
In the same window:
RSI 1000 periods, close
Oscillator Stochastic (12, 3, 20, close) levels overbought 80 (Sell Zone)- oversold 20 (Buy Zone). - Profit Target levels buy 70, sell (30).
MACD (12,26,9, close), optional.
Trading Rules 1 minute Scalping with RSI
Buy
Simple Moving average 11 periods crosses the moving averages 21 and 34 periods upwards. The price candle is above the moving averages.
In the window with RSI and Stochastic the line touches or breaks the oversold levels (20), after coming back and going upwards.
MACD Histogram above zero level (optional).
Sell
Simple Moving average 11 periods crosses the moving averages 21 and 34 periods downwards. The price candle is below the moving averages.
In the window with RSI and Stochastic, the line touches or breaks overbought levels (80), after coming back and going downwards.
MACD Histogram below zero level (optional).
Exit position
Make profit when line of stochastic touches leves 70 for buy and level 30 for sell.
Place initial stop loss below/above the previous swing high/low.
Examples of trades also with divergence. In this strategy, I recommend looking the divergences because in this case they have a high probability of success.
