Price action momentum trading
Submit by Leo 21/02/2017
Super Fast high/low trading is an price action trading system.
This strategy is based on two repaints indicators: high/Low channel and super signal V.2 nrp.The logic of the system is to go in the opposite direction after a maximum or a relative minimum, if there is a change in the direction of the momentum and RSI.
Time Frame 15 min or higher
Financial market any.
Metatrader Indicators:
Mementum
High/Low
super signal V.2
Profit arrow,
RSI 13.
Trading rules Super Fast high/low trading
Sell or Buy only on the first Signal after the Super signal arrow if is confirmed by momentum and RSI indicators in the sub window.
Buy
super signal buy arrow,
RSI reached oversold
momentum indicator blue bar,
profit buy arrow.
Sell
super signal sell arrow,
RSI reached overbougth,
momentum indicator red bar,
profit sell arrow.
Exit position at the opposite signal (super signal or profit) or with predetermined profit target. Place initial stop loss on the previous high/low.
In the pictures Super Fast high/low trading in action.
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