Range trading with RSI on a 15 Minute Chart

Entry Rule: When the 14-period RSI crosses above 30, buy at market on the open of the next bar. When RSI crosses below 70, sell at market on the open of the next bar.

Filter: Strategy cannot enter trades between the “end hour” and the next “start hour”.

Exit Rule: Strategy will exit a trade and flip direction when the opposite signal is triggered. For a more precise analysis you should combine this strategy with candlestik patterns.

Advertisements