PROTECTED SOURCE SCRIPT

RSI+MA_Scalping_Strategy

1 513
USDJPY

This strategy is based on Larry Connors' 2-period RSI strategy. I applied this for scalping(5Minutes) in the forex market based on his strategy.

Best use for YEN Crosses (High liquidity) trading such as USD/JPY and EUR/JPY.

Notes:
1. This strategy doesn't work well if volatility is low.
2. Don't go against Long-term trends. This strategy has practically no stop loss during rapid trends, so if going against trends can be devastating.(Especially GBP/JPY)
3. Don't martingale trading with this strategy. Based on my research, At first glance, it seems to work, but lose in the long run.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.