Simple Moving Average + RSI Scalping Strategy
Easiest Strat🚀 Strategy Idea : - Use a fast moving average (MA) to spot short-term trend direction. - Use Relative Strength Index (RSI) to detect overbought or oversold conditions for entry/exit. - Trade only in the direction of the trend indicated by MA. - This reduces noise and improves win rate. Indicators & Settings : - Moving Average (MA): 9-period Simple Moving Average (SMA) - RSI: 14-period, Levels: 30 (oversold), 70 (overbought) Entry Rules : Buy (Long) Entry : 1. Price is above the 9-SMA (uptrend). 2. RSI crosses above 30 from below (coming out of oversold). 3. Enter a long position immediately after RSI crosses above 30. Sell (Short) Entry : 1. Price is below the 9-SMA (downtrend). 2. RSI crosses below 70 from above (coming out of overbought). 3. Enter a short position immediately after RSI crosses below 70. Exit Rules: - Take profit after 5-10 pips gain (...
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