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RSI strategy

RSI strategy

Relative Strength Index (RSI) is a momentum oscillator, which measure the speed and magnitude of directional movement. 14 periods were generally means a value of 70, overbought and oversold means 30 uses.
RSI strategy
This configuration can be used in a period of time for each currency pair. We use RSI (14) as an indicator. When RSI crosses above 30, a bottom and crosses more than 30, you enter a long position. When RSI goes below 70, peak shape and crosses down through 70, enter a short position.

The exit strategy can be defined depending on your risk tolerance. It's better this strategy in combination with others.

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