Fractal-Based with RSI Forex Support and Resistance Strategy

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Fractal-Based with RSI Forex Support and Resistance Strategy

This strategy is a price action strategy and works in any timeframe and any currency pairs.

Long Entry:

  • Open a buy position when If candle closes above FB resistance.

Short Entry:

  • Open a short when candle closes below FB support.

RSI filter is On.

  • Central line Filter
  • Only enter buy/long if RSI(8) is greater than 50
  • Only enter sell/short if RSI(8) is less than 50

Overbought/Oversold Filter

  • Only enter buy/long if RSI(8) greater than 60
  • Only enter sell/short if RSI(8) is less than 40

Place stop loss 5 pips below entry bar.

Profit Target: on Support and Resistance or aggressive.


Forex Trading Strategies Installation Instructions

Fractal-Based with RSI Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Fractal-Based with RSI Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install Fractal-Based with RSI Forex Support and Resistance Strategy?

  • Download Fractal-Based with RSI Forex Support and Resistance Strategy.zip
  • *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy 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 strategy
  • Right click on your trading chart and hover onTemplate
  • Move right to select Fractal-Based with RSI Forex Support and Resistance Strategy
  • You will see Fractal-Based with RSI Forex Support and Resistance Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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