High Profitable Trading Strategy with RSI & Momentum Indicator

This high profitable forex strategy is made with RSI & Momentum indicator. These two indicators measure the market strength and price movement direction which will be helpful to identify the trend of the market. So it becomes easy to make high profit from the market trend. RSI 50 level and Momentum 100 level both indicates about trend change of the market. So from this strategy, traders can gain easily with big amount of profit.

Required Indicator:

1. Momentum Indicator. Click here for Momentum Indicator setup process with basic strategy 2. RSI. Click here for RSI setup process

Buy Setup Rules:

✔Price should start rally in the upward direction.
✔Need to look at Momentum indicator to cross 100 level from lower to upper.
✔At the same time RSI needs to cross 50 level from lower to upper.
✔Candle should be bullish to fulfill the condition of this strategy.
✔Place buy order after closing the bullish candle.

Sell Setup Rules:

✔Price should start rally in the downward direction.
✔Need to look at Momentum indicator to cross 100 level from lower to upper
✔At the same time RSI needs to cross 50 level from lower to upper.
✔Candle should be bearish to fulfill the condition of this strategy.
✔Place sell order after closing the bearish candle.

Example of Buy & Sell Setup:

In the above EURUSD H4, we can see RSI cross 50 level and Momentum cross 100 level at the same time. After buy confirmation, this strategy gained 600 pips. It's a huge move from this profitable strategy.

Time frame:

H1 & H4 is preferable for more profitable gain.

Currency pairs:

All trendy pair.

Take profit and stop loss:

Take profit will start from 40 pips. It can be extend to 200-500 pips for higher time frame.
Stop loss can be 30-60 pips. You can set Stop loss on swing high or low

Risk warning:

This strategy is based on trendy pair and two indicators. So if it don't satisfy the buy-sell conditions, then we can't open entry. Before using this, we need to test this on demo and then we can apply on live account with proper money management rule.

Submit Your Comments: