MA-RSI Trend Retracement System | A Simple Moving Average & RSI Day Trading Strategy

MA-RSI Trend Retracement can be one of the most rewarding strategies out there. We like to make things simple. That is why we created this simple DAY trading strategy, as it will be great for beginners and professional traders.

 

so… today, you’ll learn everything you want to know about MA-RSI Trend Retracement trading strategy, that lets you profit from losing traders.

 

• Download “ForexWOT-MARSIsystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT-MARSIsystem.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-MARSIsystem” trading system and strategy.
• You will see the “MA-RSI Trading System” is available on your Chart.

 

• Rule #1: Go to M30 time frame, then add the 8-period EMA, 20-period EMA, and 8-period RSI to chart.
• Rule #2: Find a pair that is trending up.
• Rule #3: Draw a Retracement Trendline.
• Rule #4: Once Retracement Trend line is broke, find LONG entry.
  Enter the LONG trade when the RSI line above 50 level or center line.
• Rule #5: Set the stop loss below both 20-period and 8-period EMA.
• Rule #6: Take profit target
  Ideally, you always want to hit a 3:1 Risk to reward ratio, or close to it.

Stop Loss Strategy

• Set the stop loss above both 20-period and 8-period EMA.

 

• Rule #1: Go to M30 time frame, then add the 8-period EMA, 20-period EMA, and 8-period RSI to chart.
• Rule #2: Find a pair that is trending down.
• Rule #3: Draw a Retracement Trendline.
• Rule #4: Once Retracement Trend line is broke, find SHORT entry.
  Enter the SHORT trade when the RSI line below 50 level or center line.
• Rule #5: Set the stop loss above both 20-period and 8-period EMA.
• Rule #6: Take profit target
  Ideally, you always want to hit a 3:1 Risk to reward ratio, or close to it.

Stop Loss Strategy

• Set the stop loss above both 20-period and 8-period EMA.

 

When you use this strategy for scalping and intraday trading, We recommend you keep an eye on the big news for that day. If there is a news announcement, the market can get crazy, fast. So it is important that you avoid a sudden news spike.