Introduction to the RSI MA Indicator

Momentum reversals are telltale signs of a possible trend reversal. This is why many traders look for momentum reversal indications as a trade confirmation.

The RSI MA Indicator is a tool that traders could look into as a momentum reversal signal indicator.

What is the RSI MA Indicator?

The RSI MA Indicator is momentum indicator which is based on the Relative Strength Index (RSI) and an underlying Exponential Moving Average (EMA).

It is an oscillator type of indicator which has a line that oscillates within the range of zero to 100. The line it plots is very reactive and tends to shift in the opposite direction very quickly.

How the RSI MA Indicator Works?

The RSI MA Indicator has an algorithm which basically compares its underlying Relative Strength Index indicator with a preset Exponential Moving Average.

If its RSI line has a higher value than the EMA, then the indicator would plot a line that would first cross towards the middle line, then it moves further above 80.

Inversely, if the RSI line has a lower value than the EMA line, then it would plot a line that goes down to the middle area, then below 20 if momentum persists.

How to use the RSI MA Indicator for MT4

The RSI MA Indicator allows traders to adjust the sensitivity of the indicator within its indicator settings. The “RSI Period” variable adjusts the sensitivity of the indicator by modifying the number of bars the indicator would use to detect momentum reversals.

The RSI MA Indicator is a very sensitive momentum indicator. With this characteristic, the RSI MA Indicator can be used as a confirmation of a momentum reversal or as an entry trigger to a bigger picture trade setup. It is also best that the momentum reversal signal would be in confluence with a candle with strong momentum.

Buy Trade Setup

When to Enter?

Identify a bullish trade setup based on price action or price patterns. Open a buy order on the confluence of the RSI MA line crossing above 80 and a bullish momentum candle. Set the stop loss on the support below the entry candle.

When to Exit?

Close the trade as soon as price action shows signs of a bearish reversal.

Sell Trade Setup

When to Enter?

Identify a bearish trade setup based on price action or price patterns. Open a sell order on the confluence of the RSI MA line crossing below 20 and a bearish momentum candle. Set the stop loss on the resistance above the entry candle.

When to Exit?

Close the trade as soon as price action shows signs of a bullish reversal.

Conclusion

The RSI MA Indicator is a very erratic momentum indicator. It tends to crisscross and make new signals on the slightest hint of a short-term trend reversal or momentum reversal. This makes it unsuitable to be a standalone trade signal. However, it does tend to work well when traded merely as a trade entry confirmation based on momentum in confluence with other trade setups.

MT4 Indicators – Download Instructions

RSI MA Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.

RSI MA Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies

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How to install RSI MA Indicator for MT4.mq4?

• Download RSI MA Indicator for MT4.mq4
• Copy RSI MA Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /
• Start or restart your Metatrader 4 Client
• Select Chart and Timeframe where you want to test your MT4 indicators
• Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
• Right click on RSI MA Indicator for MT4.mq4
• Attach to a chart
• Modify settings or press ok
• Indicator RSI MA Indicator for MT4.mq4 is available on your Chart

How to remove RSI MA Indicator for MT4.mq4 from your Metatrader Chart?

• Select the Chart where is the Indicator running in your Metatrader 4 Client
• Right click into the Chart
• “Indicators list”
• Select the Indicator and delete

RSI MA Indicator for MT4 (Free Download)

Click here below to download:

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Forex broker news latest – Integral, a FX technology provider, today announced today that UAE-based retail brokerage GoDoFX has selected Integral MarginFX to support the growth of its FX and CFD business.

GoDoFX was founded earlier this year by industry veterans in the UAE forex market. The group takes a client-first approach and aims to establish long-term and sustainable trading relationships with its retail customers.

Forex broker and investment platform GoDoFX selected Integral for its institutional-grade technology, which it says afforded a high degree of customization in the trading workflow, seamless connection to the market through a hosted MT4 solution, and sophisticated pricing engine and risk management services.

As standard with Integral technology, MarginFX operates in a highly flexible and interoperable cloud-based environment, which allowed GoDoFX to design workflow and deploy services at an exceptionally fast rate.

Forex broker news: “Integral goes beyond the standard services”

Regarding the announcement, Ebieraja Alex, chief operations officer of GoDoFX, said: “We chose Integral for their institutional technology that goes beyond the standard services employed in the brokerage sector.

“GoDoFX strongly believes in providing retail customers with an exceptional level of service and the Integral platform allows us to deliver a tailored and personalized offering to every one of our customers.”

Mohamed Ahmed, CEO of GoDoFX added: “Integral’s technology means our business is
underpinned by sophisticated – yet flexible – infrastructure that allows us to provide
the tightest competitive spreads while optimally managing risk at a granular level. We
have been extremely satisfied with the level of service delivered.”

Founded in 1993, Integral is a financial technology company that helps its customers – banks, brokers, and asset
managers – outperform their competition in the foreign exchange market through innovative solutions
for workflow management and advanced execution.

The company maintains development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.

“We’ve listened carefully to the brokerage community and have thoughtfully developed the full range of technology and trading services needed to grow their business and reduce trading costs,” said Harpal Sandhu, CEO of Integral. “We are delighted to be working with GoDoFX and deliver fully customizable trading solutions to meet their evolving requirements.”

GoDo FX provides trading services to retail and institutional clients a range of across a range of financial instruments including, Forex, Stock Indices, Gold, Oil, and Stock CFDs. The company has offices in
Mauritius, Dubai, and India.

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Mandi Rafsendjani is a trading psychology coach who has worked with some of the highest-profile traders in today’s trading world. We had the honor to sit down with her and talk about a variety of different trading topics and techniques on how to tap into your full potential.

Why is it so hard to follow your trading plan?

Of course, there can be many reasons why it is so hard to follow your trading plan but one of the main reasons is that the trading strategy the trader is trading is not compatible with their own way of thinking.

Specifically, Mandi referred to the Disc test (outgoing link) where you can test your character profile. During our podcast – starting at 0:50 – Mandi then went into the trading strategy requirements of the different personality types.

The first step now would be to find out how compatible you are with your trading style. And once you realize that you are not compatible, you have two options: first, you start looking for something else. Or, you start working on yourself by implementing processes that make it more likely that you can apply the trading strategy successfully.

In my experience, choosing the first approach may feel a lot more like system-hopping and looking for an excuse to avoid putting in the work. The second approach, facing your shortcomings and improving your weaknesses may lead to more benefits later on as well too.

A lot also comes back to being self-aware, getting to know yourself, and being present. Especially in today’s world with constant distractions and shortening attention spans, the ability to objectively observe yourself can be priceless. Starting at 33:10 we go into the topics of mindfulness, self-awareness, and being present with Mandi and explore techniques and tips.

I could go on and on forever about all the interesting concepts we discuss, but I’d highly recommend listening to the podcast with Mandi!

You can also find it as a podcast on your favorite podcast app.

And we also did a round one with Mandi a few months back. Make sure to listen to our first conversation with Mandi too.

There are many ways to trade the forex market. Some traders make use of fundamental analysis while others prefer technical analysis. Many technical chartists prefer to use price action on naked charts while others prefer an algorithmic type of strategy using technical indicators. Some traders prefer day trading while others swear on swing trading. Any of these types of strategy could work. There is no one correct way to trade the market. There is only what works and what does not.

The Binary Comodos RSI Forex Trading Strategy is a type of strategy that works well and produces excellent trade entries on almost all forex pairs. It is an algorithmic type of strategy with a very high probability of a winning trade coupled with a high reward-risk ratio. This results in more wins and higher gains. While most strategies settle for either one, this strategy has both.

Algorithmic strategies work because it is based on probabilities. It either produces entries that would result in a win more often than not, or its entries tend to result in a trend producing high gains. These conditions when traded multiple times would often result in a net profit, which is what traders are looking for. If you would want a strategy that could produce consistent results, this type of strategy could be for you.

Binary Comodos

The Binary Comodos indicator is a custom indicator that provides trade entry signals. These entry signals are based on a confluence of conditions programmed within the indicator.

The indicator simply prints an arrow pointing towards the direction of the trend on the candle where it detects a high probability trade entry. It prints an arrow pointing up indicating a potential buy trade setup, and it prints an arrow pointing down whenever it detects a potential sell trade setup.

The trade setups that this indicator produces have a high win probability and would often result in strong momentum price movement.

Bull Bear RSI or BS Trend

The Bull Bear RSI or BS Trend indicator is a market bias filter indicator. It simply indicates which side of the market is dominating, whether it is the bulls or the bears. This allows traders to trade in the direction of the market bias.

This indicator prints bars to indicate what the market bias is. If the bulls are dominating the market, the indicator would print a positive bar. On the other hand, the indicator would print a negative bar if it detects that the bears are dominating the market.

Trading Strategy

This is a simple strategy based on the confluence of the signal provided by the Binary Comodos indicator and the Bull Bear RSI indicator.

The signals provided by the Binary Comodos indicator should be closely aligned with the shifting of the BS Trend indicator from positive to negative or vice versa. This ensures that the trend reversal is still fresh and could continue further.

Indicators:

• BinaryComodos (default setting)
• BullBearRSI

Preferred Time Frames: 1-hour, 4-hour and daily charts

Currency Pairs: major pairs, minor pairs and some exotic pairs

Trading Session: Tokyo, London and New York

Buy Trade Setup

Entry

• The Bull Bear RSI indicator should be printing positive bars indicating a bullish trend bias.
• The Binary Comodos indicator should print an arrow pointing up indicating a bullish entry signal.
• These bullish conditions must be closely aligned.
• Enter a buy order on the confluence of the conditions above.

Stop Loss

• Set the stop loss on the support level below the entry candle.

Exit

• Close the trade as soon as the Bull Bear RSI indicator prints a negative bar indicating a possible bearish trend reversal.
• Close the trade as soon as the Binary Comodos indicator prints an arrow pointing down indicating bearish entry signal.

Sell Trade Setup

Entry

• The Bull Bear RSI indicator should be printing negative bars indicating a bearish trend bias.
• The Binary Comodos indicator should print an arrow pointing down indicating a bearish entry signal.
• These bearish conditions must be closely aligned.
• Enter a sell order on the confluence of the conditions above.

Stop Loss

• Set the stop loss on the resistance level above the entry candle.

Exit

• Close the trade as soon as the Bull Bear RSI indicator prints a positive bar indicating a possible bullish trend reversal.
• Close the trade as soon as the Binary Comodos indicator prints an arrow pointing up indicating bullish entry signal.

Conclusion

This strategy is a high probability, high yield type of strategy. It could produce a high win rate coupled with trades that have a high reward-risk ratio.

Not all entries would result in a win, however, traders should be getting enough wins and higher gains to warrant a positive expectancy when trading this strategy.

It is also best to couple this strategy with candlestick and price action patterns in order to get the best trade setups and avoid losing trades.

Forex Trading Strategies Installation Instructions

Binary Comodos RSI Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Binary Comodos RSI Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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How to install Binary Comodos RSI Forex Trading Strategy?

• Download Binary Comodos RSI Forex Trading Strategy.zip
• *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
• Copy tpl file (Template) to your Metatrader Directory / templates /
• Start or restart your Metatrader Client
• Select Chart and Timeframe where you want to test your forex strategy
• Right click on your trading chart and hover on “Template”
• Move right to select Binary Comodos RSI Forex Trading Strategy
• You will see Binary Comodos RSI Forex Trading Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

Click here below to download:

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The USD is mixed ahead of the key CPI data at the bottom of the hour

The JPY is the strongest and the GBP is the weakest as NA trader enter for the day. The USD is mixed with gains vs the EUR, GBP and CHF and declines vs the CAD, AUD and NZD. Once again, the major currencies are all scrunched together to start the North American session as traders look for the catalyst for the next shove.  That could come at 8:30 AM when the US CPI data for May will be released with expectations for a 0.5% gain for the headline and ex food and energy component.  Also released at the bottom of the hour is the weekly jobless claims data (370K vs 385K estimate – a new post pandemic low).  ECB Lagarde will also hold her presser after the ECB kept rates steady.  All events have the potential to goose the market a bit.  Later the US treasury will conclude their treasury auctions for the week with the selling of $24B of 30 year bonds. The 3 and 10 year have gone off with decent/strong demand.

The ranges and changes are once again showing the lack of enthusiasm by market participants (although yesterday, the market did pep up a bit in the NY session).  The GBPUSD is leading the way with a 51 pips trading range. The GBPUSD low tested/moved below the swing low extreme going back to May 17 at 1.40757, and found buyers on the test (the low reached 1.40726).   That is still well below its 22 day average of 84 pips.  The EURUSD has a 33 pips range thanks to a spike after the rate decision.  The  other pairs have honored traders with ranges of 21 to 26 pips.  That is not a lot to go on.  Once again, there is room to room in the North American session before the end of day.

In other markets: 

• Spot gold is trading down $11.70 or -0.63% $1876.90
• Spot silver is down $0.11 or -0.41% at $27.67
• WTI crude oil futures are up $0.14 or 0.20% at $70.10. The price has been trading above and below the $70 level over the last three trading days
• Bitcoin is rebounding by $1353 or 3.72% at $37,743

In the premarket for US stocks, the major indices are trading mixed with modest changes. The NASDAQ is down. The S&P is near unchanged, and the Dow industrial average is up modestly.

• S&P index up up +2.2 points after yesterday’s -7.71 point decline
• NASDAQ index is down -26 points after yesterday’s -13.16 point decline
• Dow industrial average is up +68 points after yesterday’s -152.68 point decline

the European equity markets, major indices are mixed:

• German DAX, unchanged
• France’s CAC, -0.4%
• UK’s FTSE 100, +0.1%
• Spain’s Ibex, -0.2%
• Italy’s FTSE MIB, -0.5%

In the US debt market, the yields are higher after yesterday’s decline’s saw the 10 year move below the 1.500% level. That yield is currently trading just above that key barometer.  

In the European debt market, yields are higher with gains of 1.0 basis points to 1.7 basis points.