RSI trading - easy and profitable (RSI trading - easy and profitable)

I have been using trend following trading systems and hedging and I am not a big fan of countertrend systems that primarily look for reversals. Anyway, after looking at entries from friends who use ea, I found it's easier and less risky with a good setup.

rule:

1. Use daily charts
2. RSI Default (until I find a better setting)
3. Sell when the RSI is above 70 (or 65 if there is nothing close to 70)
4. Buy when the RSI is below 30 (if there are no stocks close to 30, buy 35)

Stoch can be added as an additional filter (but very lagging)

I modified an EA (ten point three) using RSI as an indicator, anyone can try it. (If you want to use on a real account, please use the security settings

The downside is that we don't see the setup in D1 every day, but if available it's a less risky profit opportunity

The bot can be used as a tool, and as long as it's set up well, it's possible to get good returns. Most failures are due to lack of money management or poor money management. Handmade trade is not that difficult either.



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