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ADR and RSI winning strategy

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#1
The combination of ADR and RSI is always perfect for making trades. This is about counter-trend strategy.

This strategy works well with all pairs and the winning rate is good.

The indicators you need are ADR, RSI and MACD. This strategy works with 5 min TF and 15min TF. I prefer to scalp in 5 mins TF as I get many signals.

This is just a simple follow the rules strategy.

Buy Rules
1. Wait for the price to break Lower ADR Line
2. Once the price breaks lower ADR, look for the RSI UP arrow
3. Draw a line at the top of the last high of MACD
4. Open a BUY when the MACD crosses the line drawn at the top of the last high of MACD.

[Image: ADR_RSI_MACD.jpg]



Sell Rules
1. Wait for the price to break the Upper ADR Line.
2. Once the price breaks Upper ADR, look for the RSI DOWN arrow.
3. Draw a line at the top of the last high of MACD.
4. Open a BUY when the MACD crosses the line drawn at the top of the last high of MACD.


[Image: ADRSI_Before.jpg]



[Image: ADRSI_After.jpg]


Don't rush for signals, there will be a lot especially at the end of US session. You may stop for the day once you feel you have reached the desired profit. Test it in your DEMO or Strategy Tester first.This is based on strategy from forexfactory and it works well.


Attached Files
.tpl   adr-rsi-macd.tpl (Size: 7.55 KB / Downloads: 12)
.ex4   MACD LWMA v1.01.ex4 (Size: 10.75 KB / Downloads: 16)
.ex4   OGT ADR Indicator v1.1.ex4 (Size: 41.03 KB / Downloads: 13)
.ex4   OGT RSI MTF Indicator v1.1.ex4 (Size: 14.84 KB / Downloads: 14)
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