5 SMA and 5 RSI Forex Trading Strategy 🤛

Share it with your friends Like

Thanks! Share it with your friends!

Close

5 period SMA and 5 period RSI Forex trading strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is a 15 minute chart USD/JPY – we have a simple moving average (5 period), also below that we have the Relative Strength Index (5 period). We also have a line showing the middle point between oversold and overbought conditions. This strategy looks like whipsaw heaven but let’s examine it into more detail and see if we can tweak it to turn it into a profitable strategy. You go long when the price moves above the SMA and the RSI is above the 50 period line. We also add another criteria in that we need a 10 pip move above the simple moving average.

Related Videos
Moving Averages: How To Use Them 🙂
https://www.youtube.com/watch?v=Np4t7y8lD9w
What are the Best & Most Popular Moving Averages? 👍
https://www.youtube.com/watch?v=UjR6DYVbSrI
How to Use (and How Not to Use) Moving Averages 💹
https://www.youtube.com/watch?v=syGw8vRSBrI
Using Moving Averages to Define, Reduce and Control Risk 👍
https://www.youtube.com/watch?v=2o2jkavfGKU
5 Reasons the 5 SMA is More Useful than You Think!
https://www.youtube.com/watch?v=MPrgs0hUckY

The Moving Average Crossover Strategy: Does it Work? 🤔
https://www.youtube.com/watch?v=sraGqRX4MdM
Does a Moving Average Crossover System Really Work!? 🤔
https://www.youtube.com/watch?v=bq3UR0bs6Jw
Moving Average Crossover Strategy with a Twist 🎩
https://www.youtube.com/watch?v=jnDRgk9GKWo

Ideas:
Trading Setups in Terms of Filters And Triggers 🚨
https://www.youtube.com/watch?v=dms5PyIy9mM
How To Use Moving Averages as a Filter Indicator for Trades
https://www.youtube.com/watch?v=jDe2BjkCszQ
Stop Loss Trading Strategies: Using Moving Averages As a Stop Loss ☂️
https://www.youtube.com/watch?v=yG6ox6UZlrw
How To Exit Trades and Set Profit Targets 💡
https://www.youtube.com/watch?v=9J6aMj285tQ
Mean Reversion Trading – Indicators, Tips and Strategy 🦊
https://www.youtube.com/watch?v=cPZtzSA8GuY

Moving Average Crossover Pullback Strategy ☑️
https://www.youtube.com/watch?v=NXrBp9fLpS4
3 Moving Averages Trading Strategy 〽️
https://www.youtube.com/watch?v=LBqUGK6O7Cw
A Simple Moving Average Strategy – 9/30 Trading Setup 🎯
https://www.youtube.com/watch?v=jUYaslrZ8T0
5 SMA and 5 RSI Forex Trading Strategy 🤛
https://www.youtube.com/watch?v=mduT1dFLoIY

Comments

fx king Ndlovu says:

No you will do some many mistakes 5 MA is too tight

Matt Pascoe says:

5 MA is too tight, I'd go for a 10 and add bollinger bands

OSWALDO KATZ says:

The bottom line:
– price action: enter / exit points
– indicators: filter the low probability trades.

Any other use your doom chaising the holy grail and bleeding money

Filip ├ľhman says:

Mabye could work as a filter on the Daily chart and then trade in that direction using Another smaller timeframe strategy

Peter Hughes says:

That "thumbs down" comment: I think you may benefit from a "jump on board" price change entry condition. So, for that really big candle you could, e.g., jump in after 10 pips of progress and then proceed as normal. Similarly for a reversal: if the price goes 10 pips below the SMA without closing then exit the trade. There's no chance of gain without the threat of failure.

Emanuil Penev says:

This is a terrible strategy, no edge at all, and I like how he says it's bad too! The 5 min scalping strategy from a few days ago is on completely different level! Less risk and bigger rewards

Khalid Hakimi says:

You have to educate yourself. Indicators are only tools. You have to know chart patterns, candlestick formations and combine these with an oscillator and key resistance and support and trend lines then you're getting somewhere. Why cherry pick? Tell the truth. Hes only showing areas where it works and skips areas where majority of times you lose

Patrick Khanyile says:

Good video really productive

Write a comment

*

THE FOREX-SPECIFIC SEARCH ENGINE Close