You won’t find this strategy available for free anywhere, as it is one of the secrets that professionals rely on in trading to achieve exceptional profits. Here are the details:
Secret settings for #RSI indicator:
Period: 3 or 5 (to enhance the sensitivity of the indicator).
Overbought and Oversold Levels:
Selling Saturation: 5 - 10
Buying Saturation: 90 - 95
Close Setting: Rely on “Close” instead of “Typical Price” to set accuracy.
Secret Strategy:
1. Buy transaction:
When the RSI drops below 10 and starts to rise with confirmation from a strong reversal candle (such as a bullish engulfing candle).
2. SELL transaction:
When the RSI rises above 90 and starts to reverse with a reversal candle (such as a bearish engulfing candle).
Professional Affirmations:
Additional indicator: Use a simple moving average (SMA 20) or (EMA 10) to confirm the trend.
Timeframe: Small timeframes (M5 - M15) are best for fast trading.
Smart Risk Management:
Risk/Reward: Do not enter a trade unless the reward to risk ratio is at least 2:1.
Stop Loss and Take Profit: Set stop loss below the nearest low and profit targets at key resistance or support points.
The secret of success:
Continuous testing: Try these settings on a demo account before using them in real trading.
Patience and discipline: Do not enter trades without clear signals that are in sync with your capital management strategy.
> Warning: This strategy is powerful but requires experience and practice to improve results. You won't find this secret easily, so be sure to use it wisely!
