RSI Trading System Z Line. This time we will discuss the so-called RSI Trading System Z Line System, how to use it very easy, simple, and flexible. This system can find the saturation point of a movement, long-term trend and is able to generate quite a lot of pips. Can be used in many pairs, especially the fast movements and loud.
Okay, the steps that need to be prepared is as follows:
1. Prepare Time Frame H1 (The author uses the example pair GBPUSD)
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2. Prepare RSI RSI default Metatrader Setting the input value of 3
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3. Prepare Horizontal Line, put at the top and bottom of the RSI, with each value:
upper limit of: 90.8046
lower bound: 10.3448
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4. Prepare congenital Metatrader 4 Zig zag, change Ex Depth to 14, 50, 100, and 200.
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BUY
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SELL
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When taking open positions:
Do BUY, if the RSI is near the Line the bottom, and blue zigzag below.
Perform SELL, if the RSI is near the top of the line, and blue zigzag on top
These systems rely on support and resistance points RSI and blue zigzag as a reference, not recommended open position when RSI is close to the Horizontal Line. Use it wisely
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