Easy and Simple Forex RSI Candles Trading System – How to Make Money and Sustainable Profits on Forex Trading Easily. RSI is a very popular tool because it can also be used to confirm trend formations.
How to use RSI indictor ?… If you think a trend is forming, take a quick look at the RSI and look at whether it is above or below 50.
If you are looking at a possible uptrend, then make sure the RSI is above 50. If you are looking at a possible downtrend, then make sure the RSI is below 50.
But RSI Candles indicator is more easy… red cadles is down trend and blue candles is up trend.
Forex RSI Candles Trading Rules
Forex RSI Candles System is a simple trend following forex trading system. “The trend is your friend !..”
- Best Time Frame : H1, 4H, and higher.
- Recommended Financial Markets : Forex, Stocks, Indicies, Commodities.
Metatrader Trading Indicators
- RSI Chart Bars Indicator (RSI Candles)
- Signal Trend
- Bullish & Gearish
- TLab CCI
- Sun Signal: High/Low indicator,
Geneal Rule : Always trading in trend
- BUY Arrow confirmed by
- RSI Chart Bars Indicator (RSI Candles) blue color
- GOLD999D1 upward and below candles
- Signal Trend green bars
- JokerFilter green bars
- Bullish & Gearish green bars
- TLab CCI bullish and above 0 level
- SELL Arrow confirmed by
- RSI Chart Bars Indicator (RSI Candles) red color
- GOLD999D1 downward and above candles
- Signal Trend red bars
- JokerFilter red bars
- Bullish & Gearish red bars
- TLab CCI bearish and below 0 level
- Profit Target 30-70 pips depnds by currency pairs.
- Initial stop loss at the previous swing.
- Optional after 30 pips in gain move stop loss at the entry price.