RSI with Period 2 placed on RSI with Period 12 To setup rsi simply place the rsi 12 on your chart normally then drag the rsi again and place it on top of the rsi 12 and enter the setting of two. This works in MT4 platforms. Hence i need experts like you to look into it and make recomendations, with refrence to how i can filter the fakeouts. Sometimes the rsi cross would occur but before the candle formation finishes the cross would dissapaer. Because you will see a lot of whipsaw and when the short RSI closes across the long RSI you would have missed a lot of good moves.

You need to add default fisher. If you are trading the 60min for example: When fisher is green BUY wait for 2 RSI to go below the 12 and the fisher still BUY in 1hr and 4hr then look for BUY entry. I trade one BUY per one set of 1hr green fisher.

Testing The RSI 2 Trading Strategy

The chart below shows example of 2 BUYs and 1 SELL. Please leave a comment here if you have questions:.

Details of pictures here: Since we are talking MT4 here, I find better results using RSI 6 on both RSIs. Make the first RSI work off the Close Price.

Make the second RSI work off the rsi 2 strategy forex RSI. When you get a Buy signal, close the open sells.

3 Trading Tips for RSI

When you get a Sell signal, close the open Buys. Or use Stops and Limits for closes.

Thanks for your post. I am a new rsi 2 strategy forex. Pardon my ignorance ,Could you please tell me what is fisher. For those of you who might have problem with Fisher indicator, default stochasticHistogram of 5,3,3 or 8,3,3 could amr stock options it for same performance.

I'm trying RSI 12 Median Price, RSI 6 Median Price, Fisher 12, 15m chart. They all line up a bit better on the swing of the trend, as far as I can see at this early stage, will throw a few trades on the demo account. I just chucked a smoothed Heiken Ashi on the chart, more confirmation of the change in direction, looks good but forex average daily range 2013 do so many, proof is in the pudding.

Might also want to add a "silent zone" to the Fisher indicator of around 0. Active traders Poll - share your live experience or read what others have to say.

RSI and 2 EMA Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast

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Submitted by User on October 29, - Submitted by Victor victor. Please leave a comment here if you have questions: Since we are talking MT4.

For those of you who might. For those of you who might have problem with Fisher indicator, default stochasticHistogram of 5,3,3 or 8,3,3 could replace it for same performance Crystal Markets http: I'm trying RSI 12 Median. Might also want to add a.

Larry Connors 2-Period RSI Update For

Can someone paste this. Can someone paste this strategy, seems to be good, I was try to paste here, but unsuccess. Fisher is a Technical. Fisher is a Technical Indicator you can download from earnforex. DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Forex bonus Video course. How To Double The Account In 1 Day? Home Forex trading strategy 47 DOUBLE RSI Submitted by User on October 29, - DailyFX Dukascopy Saxobank InstaForex.