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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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STRATEGY FOREX LONDON BREAKOUT

 Strategy Introduction

This strategy is used during the start of the London session, between 3:00 PM to 6:00 PM Malaysian time. The London session usually has strong movements and is suitable for scalping or intraday trading. 

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 Strategy Steps 

 1. Preparation Time (2:00 PM - 3:00 PM MYT): 

 • Open a chart (e.g., EUR/USD or GBP/USD). 

 • Switch to 15-minute timeframe (M15). 

 • Mark the highest and lowest levels between 2:00 PM and 3:00 PM. 


 2. Entering a Position (After 3:00 PM): 

 • Place a Buy Stop above the high. 

 • Place a Sell Stop below the low. 

 

3. Take Profit & Stop Loss: 

 • TP (Take Profit): 20 - 40 pips. 

 • SL (Stop Loss): 15 - 25 pips (or at the end of the opposite side of the breakout box). 

 

4. Additional Tips: 

 • Avoid major news events like NFP (Non-Farm Payroll) when using this strategy.

 • Do not use it during a sideways market (when there is no clear direction).


Example 

 • Between 2:00 PM and 3:00 PM:

 • High = 1.0900 

 • Low = 1.0875 

 • Place the following orders:

 • Buy Stop at 1.0902 

 • Sell Stop at 1.0873 

 • Stop Loss (SL) and Take Profit (TP) as recommended earlier.

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