Forex trading system “RSX Scalping System
This trading system is designed for short-term scalping and works on the basis of the well-known RSI indicator in the Metatrader terminal. The system works perfectly on all timeframes starting from 15 minutes and can be used on any currency pair. The trading system “RSX Scalping System” is based on a combination of two indicators. This is a slightly modified RSI called “RSX nrp indicator”. It differs from the standard one in that it is colored in different colors and the color of the indicator changes as the market situation changes. The “Votro” indicator shows the local minimums and maximums, which gives a signal for action
Entry rules for purchases.
The “Votro” indicator gives a signal to buy when it reaches the bottom at the level of 20. Then wait for confirmation from the RSX indicator. You can buy when this indicator is green. The stoploss should be set below the minimum of the previous candle
The “Votro” indicator is also used to determine the profit level. There are various options here. It is recommended to close a part of the position when the indicator reaches the level of 40, and the rest at the levels of 60 and 80.
Entry rules for sales.
The “Votro” indicator gives a sell signal when it reaches the top of 80. Then wait for confirmation from the RSX indicator. You can buy when this indicator turns yellow. The stoploss should be set above the minimum of the previous candle. Profit level is defined in the same way, but only at -40, -60 and -80 levels.
Usually the profitability of the system in one transaction is limited to 20-30 points.
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