544# Ape Scalping
Slope RSI Trading
Submit by Mstislav (Мстислав) 29/09/2016
Ape Scalping is a trend-momentum strategy for scalping, intraday and swing trading. This is an great system: money machine.
Suitable currency pairs:
Any, but preferably majors - EUR / USD, GBP / USD, USD / JPY, USD / CAD,
AUD / USD and other pairs with the US dollar.
Suitable timeframes:
M15, M30, H1, H4, D1
Attention! Orders should be opened on the next candle after fixing
signal (coincidence of the conditions below) since Some indicators may
redrawn at the current candle.
Trading Rules Ape Scalping
Buy
opening order conditions for the purchase of:
slope line indicator changes color from red to yellow;
Color RSI with allert changes color from orange to green;
QQE_Alert_MTF_v5 indicator crosses the 50 level from the bottom up.
Sell
opening sell orders Conditions:
slope line indicator changes color from yellow to red;
LED Color RSI with allert changes color from green to orange
QQE_Alert_MTF_v5 indicator crosses the 50 level downwards
Closing the gap:
The appearance of the opposite signal.
Reversal of the trend on higher timeframes.
It is advisable to use a stop loss and take profit or trailing stop.
In the pictures Ape Scalping in action.
Share your opinion, can help everyone to understand the forex strategy
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Write a comment
bart (Thursday, 29 September 2016 23:03)
I don't use RSI any more, but it works nicely with 2 levels: 55 and 45 and set at 7. I prefer a zone that needs to be crossed by a price - a '50' is to arbitrary. The other thing is QQE, it usually works nicely when price is trending and basically is some sort of smoothed version of RSI. Therefore RSI doesn't seem necessary. Try adding QQE with histogram and alerts. It is great.
Roman (Monday, 07 September 2020 20:25)
I have a QQE indicator somewhere, when it crosses line 50, a dot appears on the main chart, ie a change in trend.
The system looks profitable.