This trading strategy is designed for trading on the EURUSD currency pair, preferred timeframe H1. The strategy is implemented using two indicators: the RVI indicator and the moving average indicator. These indicators are available for download on our website in the Indicators section.
Apply the RVI indicator to the EURUSD chart with the H1 timeframe. Also, apply two moving averages on the chart.
Conditions for opening long positions
If these conditions are met, you can open a purchase transaction.
Conditions for opening short positions
A sale transaction, as in the case of a purchase, opens at the opening of a new candle.
Stoploss, according to the same rules, set the nearest high prices, and take profit set twice as much.
This trading system does not give a large number of signals. Nevertheless, the quality of these signals can compensate the trader for the lack of quantity. Follow the clear rules of money management when working with this trading strategy.
Related education and FX know-how:
Trusted FX Brokers
Haven't found what you're looking for? Contact us!
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Forex Education - Psychology:
Forex Education - Others:
Forex Interbank Trading: