MA Buzzer RSI Forex Trading Strategy [9140]

High accuracy “Moving Average Buzzer RSI Forex Trading Strategy” – A forex trader can create a simple trading strategy to take advantage of trading opportunities using just a few moving averages (MAs) and oscillator indicators.

Moving Average is versatile in that the can be used to identify trend, entries and exit points.

This provides a complete trade process for traders looking for a simple trend trading system. The Moving Average can be used for both novice and experienced traders alike.

In this article, I’ll show you how to use MA Buzzer effectively and easily.

• Time Frame: M5 or higher
• Currency Pairs: Any

 

• MA Buzzer
• Relative Strength Index

 

This moving average trading strategy uses the MA Buzzer, because this type of average is designed to respond quickly to price changes.

This indicator shows good signals based on modified MA. You can use this indicator on your favorite timeframe, specified in inputs. Here are the strategy steps.

• Plot three MA Buzzer – a five-period MA Buzzer, a 10-period MA Buzzer, and 20-period MA Buzzer – on a 15-minute chart or your favorite timeframe.
• BUY when the five-period MA Buzzer crosses from below to above the 10-period EMA, and the price, five, and 10-period EMAs are above the 20 EMA. All the MA lines are blue.
• For a SELL trade, SELL when the five-period MA crosses from above to below the 10-period MA, and both MA and the price are below the 20-period MA. All the MA lines are red.
• Place the initial stop-loss order below the 20-period MA Buzzer (for a BUY trade) or above the 20-period MA Buzzer (for a SELL trade).
• An optional step is to move the stop-loss to break even when the trade is 10 pips profitable.
• Risk Reward Ratio 1:2 or 1:3

 

• Download “ForexWOT.Com-MABuzzerRSI” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-MABuzzerRSI.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-MABuzzerRSI” trading  system and strategy
• You will see “MA Buzzer RSI Forex Trading System” is available on your Chart

 

• MA Buzzer: Blue lines
• Relative Strength Index (RSI): Above level 55

 

• MA Buzzer: Red lines
• Relative Strength Index (RSI): Below level 45

 

• Place the initial stop-loss order below the 20-period MA Buzzer (for a BUY trade) or above the 20-period MA Buzzer (for a SELL trade).
• An optional step is to move the stop-loss to break even when the trade is 10 pips profitable.
• Risk Reward Ratio 1:2 or 1:3

[sociallocker]

[/sociallocker]