Hi FF members,
Besides my usual trading I try to find an indicator based system with easy rules.
what do you think about the following system:
Buy:
RSI(14) > 55 (Daily) &
RSI(14) crossing 30 upwards (M15)
Sell:
RSI(14) < 45 (Daily) &
RSI(14) crossing 70 downwards (M15)
I am not quite sure about TPs and SLs. Maybe some kind of 2x (or 3x) ATR value would be reasonable.
Besides my usual trading I try to find an indicator based system with easy rules.
what do you think about the following system:
Buy:
RSI(14) > 55 (Daily) &
RSI(14) crossing 30 upwards (M15)
Sell:
RSI(14) < 45 (Daily) &
RSI(14) crossing 70 downwards (M15)
I am not quite sure about TPs and SLs. Maybe some kind of 2x (or 3x) ATR value would be reasonable.