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Double RSI forex strategy

This forex strategy is extremely accurate. Simplicity is key here. Trend identification is done by one of the most used forex indicator- RSI (Relative strength index), which is also used for entry timing (different settings applied).

Timeframe on chart: 1 Hour

Forex strategy can be used on: EURUSD, GBPUSD or any other currency pair with reasonable spread.

Forex indicators: Fast RSI (Relative strength index) with period 2, placed over slower RSI (period 12). For best visibility and function apply both indicators in one MT4 window under you currency chart.

Make sure to distinguish two indicators in the window. Make it neat and readable. In default, RSI indicator comes with two marked lines – 70 and 30. Add another two with value 55 and 45.

rsi forex strategy

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Entry into the position:

Buy (Long) position:

RSI indicator with period 12 is above 45 - 55 zone. Uptrend is in progress.

RSI with period 2 is under 30 line. Thus marking lower price in overall uptrend – meaning better price for position entry.

Sell (Short) position:

RSI indicator with period 12, is under 45 line. Downtrend is in progress.

RSI with period 2 is above 70. Marking higher price in overall downtrend – better price for sell position entry.

RSI with slower 12 period, gives us the information regarding the trend. Faster RSI gives us signal to enter the position in the direction of the trend.

rsi forex strategy

Exit from position:

Take Profit: 35 – 100 pips.

Stop loss: Max 30 pips

Conclussion: This forex strategy alone can produce interesting positions entries. Results can be improved by considering trends on higher timeframes, historical support and resistance levels , coupled with important news.



“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 


Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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