RSI Trading Strategy: The RSI 80-20 (Updated 2018)

 

What is the RSI and how does it work. A quick search about Forex indicator will yield millions of results - million results in fact. So once you've cut your teeth trading and you're ready to.

Sometimes a strong trend takes hold and trailing stops will ensure that a position remains as long as the trend extends. Conversely, traders should sell oversold bounces, not support breaks.

BREAKING DOWN 'Relative Strength Index - RSI'

I also ran a test on the Major forex Pairs (12) for the last 5 years, and All Forex Pairs (80) from 11/28/ - 6/09/, impressive results also. The RSI-2 Strategy is designed to use on Daily Bars, however it is a short term trading strategy.

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