ST Rsi2

5
Hello traders, this trading strategy is based on the the Larry Connors RSI-2 strategy, We begin with a 200 periods EMA to find the direction of the market. This is important because we only trade in the main trend direction.

We then look for pull backs using the RSI with a period of 2 to get entry signals. Trades are then exited using the 5 EMA.


Lot size should be calculated using 1% of 1 the ATR value and positions can be added as long as the entry criterion is met.


TRADING IS RISKY AND I DO ADVISE ALL INVESTORS TO OBSERVE PROPER RISK MANAGEMENT.
Video ST Rsi2
Reviews 2
gfpopa
76
gfpopa 2023.11.20 15:29 
 

Simple but effective. works very well for me

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Introduction The ST Cross indicator is based on the traditional Moving Average (MA) Cross which uses a fast and slow moving average. Entry signals to buy and sell are given when both moving averages cross. However with the basic strategy there are a lot of false signals. In order to filter the trades we use the 200 (MA) to identify the overall direction of the trend. Input Settings           Master Trend Period     -      200 Period moving average used to get the trend direction.           Fast
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In a departure from the conventional approach, traders can leverage the bearish engulfing candlestick pattern as a buy signal for short-term mean reversion trades. Here's how this alternative strategy unfolds: The bearish engulfing pattern, (typically signaling a reversal of bullish momentum) , is interpreted differently in this context. Instead of viewing it as a precursor to further downward movement, we perceive it as an indication of a potential short-term bounce or mean reversion in prices.
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TWJ Anchored VWAP
Curtis Daniel Jr -
1. Overview TWJ Anchored VWAP is a professional-grade MetaTrader 5 indicator that plots the Volume Weighted Average Price anchored to the open of each new trading day. The VWAP resets automatically at the start of every session, giving you a clean, accurate intraday reference price calculated from the true open of each day.   Unlike fixed or manually anchored VWAP tools, TWJ Anchored VWAP requires zero configuration to stay relevant — it handles the daily anchor logic automatically while giving
Velotrak Live Trade Tracking & Execution Dashboard for MetaTrader 5 1. Overview Velotrak is a real-time trade tracking and execution dashboard built as a MetaTrader 5 Expert Advisor. It overlays a fully featured panel on any chart, giving you an instant, always-visible view of your daily and lifetime trading performance — without automating any trades unless you explicitly activate the equity manager. Designed for prop firm traders, funded account holders, and disciplined retail traders who ne
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Vance Fill
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Vance Fill 2024.05.31 03:19 
 

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Curtis Daniel Jr -
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Reply from developer Curtis Daniel Jr - 2024.06.03 08:47
I'm glad u like it
gfpopa
76
gfpopa 2023.11.20 15:29 
 

Simple but effective. works very well for me

Curtis Daniel Jr -
2114
Reply from developer Curtis Daniel Jr - 2024.06.03 08:47
Happy to hear that. You should also try it on the daily timeframe on QQQ and s&p 500
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