Trend Magic RSI Forex Trading Strategy

$19.00

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INSTANT DOWNLOAD!

Original website: https://brandonfullers.wordpress.com/2021/05/31/trend-magic-rsi-forex-trading-strategy/

Your price:  $19.00

Content: Indicators: Flat Trend RSI.ex4, Trend Magic.ex4 (Unlocked), Template: TMRSI.tpl, NO MANUAL.

 

Trend Magic RSI Forex Trading Strategy

Trend Magic RSI Forex Trading Strategy

Buy Trade Setup

Entry

  • Price should cross above the Trend Magic indicator line
  • A bullish momentum candle should be observable
  • The Trend Magic indicator should change to color blue indicating bullish trend reversal
  • The RSI Filter should change from printing negative bars to positive bars indicating a bullish trend reversal based on momentum
  • These bullish trend reversal signals should be closely aligned
  • Enter a buy order on the confluence of the above conditions

Stop Loss

  • Set the stop loss on the support level below the entry candle

Exit

  • Close the trade as soon as the Trend Magic indicator line changes to red
  • Close the trade as soon as the RSI Filter bars becomes negative

 

Trend Magic RSI Forex Trading Strategy3

Sell Trade Setup

Entry

  • Price should cross below the Trend Magic indicator line
  • A bearish momentum candle should be observable
  • The Trend Magic indicator should change to color red indicating bearish trend reversal
  • The RSI Filter should change from printing positive bars to negative bars indicating a brearish trend reversal based on momentum
  • These bearish trend reversal signals should be closely aligned
  • Enter a sell order on the confluence of the above conditions

Stop Loss

  • Set the stop loss on the resistance level above the entry candle

Exit

  • Close the trade as soon as the Trend Magic indicator line changes to blue
  • Close the trade as soon as the RSI Filter bars becomes positive