RSI+MA_Scalping_Strategy by Escaity

volatility movingaverage relativestrengthindex strategy

USDJPY

This strategy is based on Larry Connors' 2-period RSI strategy. I applied this for scalping(5Minutes) in the forex market based on his strategy.

Best use for YEN Crosses (High liquidity) trading such as USD/JPY and EUR/JPY.

Notes:
1. This strategy doesn't work well if volatility is low.
2. Don't go against Long-term trends. This strategy has practically no stop loss during rapid trends, so if going against trends can be devastating.(Especially GBP/JPY)
3. Don't martingale trading with this strategy. Based on my research, At first glance, it seems to work, but lose in the long run.

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