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Top 3 profitable forex strategies in May 2021

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Trading Systems That Work

Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

June 3, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

Bollinger Bands Width indicator - eliminating the shortcomings of BB

Bollinger Bands Width indicator - eliminating the shortcomings of BB

May 26, 2021

Bollinger Bands or Bollinger Bands (BB) are a network sign that has a significant dis

Currency RSI Scalper is a professional indicator based on the well-known Relative Strength Index (RSI) indicator.

Although the Stochastic indicator works perfectly during certain periods of the market, it cannot generate profitable signals when the state of the market changes, and therefore produces incorrect signals that can lead to large losses.

Have you ever thought about an adaptive Stochastic indicator that adapts according to market conditions? The presented indicator implements an optimization algorithm that finds the best overbought and oversold levels.

This allows the Currency RSI Scalper to adapt to an ever-changing market.

When a buy or sell signal appears, an arrow is drawn on the chart and an alert appears, which allows you to open a position in a timely manner and not sit constantly at the computer monitor.

Currency RSI Scalper is perfect for trading currencies (including cryptocurrencies) and binary options.

You can download the version of this product for the MetaTrader 5 terminal here: 

You can download the version of this product for the MetaTrader 5 terminal here: 

  • The indicator is suitable for scalping and intraday trading.
  • It is possible to evaluate the effectiveness of the indicator on the history.
  • There is no redrawing (recalculation) of the indicator, the signal is strictly at the “closing of the bar”.
  • It can be used as an independent tool, or in conjunction with other indicators.
  • System of notifications to the mail and mobile phone when the indicator signal appears.
  • Ability to customize the color design of the indicator.
  • The optimal algorithm of operation, so the terminal does not”hang”.
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Buy signal: crossing the oversold level with the indicator line from the bottom up. If there are open positions for sale, they need to be closed. See screenshot # 2.

Sell signal: crossing the overbought level with the indicator line from top to bottom. If there are open buy positions, they need to be closed. See screenshot # 3.

There are situations when there are several signals in the same direction going one after the other, in this case, you need to open another position in the same direction without closing the previous one. See screenshot # 4.

Closing several positions is only necessary when a signal appears in the opposite direction.

Currency pairs: EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD.

Cryptocurrencies: Bitcoin (BTC), Ethereum( ETH), Cardano (ADA), Ripple (XRP).

  • Period – setting the RSI. The averaging period for calculating the indicator.
  • Method – method for calculating the moving average. You can choose one of these values: 1-Simple, 2-Exponential, 3-Smoothed, 4-Linearly Weighted.
  • Alert – enable or disable the Alert. If true-enabled, false-disabled. Example of an alert: “Currency RSI Scalper EURUSD M30 BUY”.
  • Push – enables or disables sending messages to the mobile phone. If true-enabled, false-disabled.
  • Arrow size – the size of the arrows on the chart (from 1 to 7).
  • Buy – the color of the buy arrows.
  • Sell – the color of the arrows for sale.

Key Features of Algorithmic Trading Software

12 February 2021

1.8

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