Double RSI Trading EA iks based on the double RSI trading strategy. It will be very helpful to buy or sell the stock during pullback in high trending market.
The full form of RSI is relative strength index. RSI is a price momentum indicator. it indicates the momentum of stock during the day. RSI keep oscillating between the value of 0 to 100. It also indicates the oversold and overbought levels. Generally, when the RSI goes above the 70 level it is called that the stock is overbought. Similarly, when the RSI goes below the 30 level it is called that the stock is oversold.
But many times, the price don’t always respect these overbought and oversold levels. The solution is to use double RSI. so, we will use second RSI for the proper judgment of the trend of the market. For the precise judgment of the trend, RSI is used on high time frame. So, we will change the setting of second RSI. Our main time frame for the stock is 15 minutes, but we will take the daily time frame for our second RSI. We can change it from RSI setting. We will also change overbought level as 55 instead of 70, and oversold level as 45 instead of 30. Please watch the video for the detailed strategy.
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“If you don't find a way to make money while you sleep, you will work until you die.”
- Warren Buffett
MOST POPULAR FOREX ROBOT
Number One Robot for Forex Trading.
Based on Price Action and Trend Analysis with Artificial Intelligence.
Works Best with EURUSD & XAUUSD.
You can use this EA on Multiple Accounts with Life Time Premium Support.
MyFXbook, FxBlue & Live Trading Verified.
Monthly Expected Profit is 20% to 200% with very Less Drawdown.
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