Best Way to use RSI for Trend Trading

Рет қаралды 8,402

3 жыл бұрын

In this video I demonstrate a trading strategy which uses the Relative Strength Index or RSI indicator for trend trading GBP/JPY.
Watch as I show you how buying overbought RSI levels and selling oversold RSI levels can lead to a simple but profitable trading strategy.
Grab 3 favourite strategies for FREE in my new 22 page Beat the Markets Strategy Guidebook here: www.thetransparenttrader.com/...
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WEBSITE: www.thetransparenttrader.com/
EMAIL ME: jarrod@thetransparenttrader.com
DISCLAIMER:
I am not a financial advisor and I am not offering you financial advice. I am not regulated in any way. The purpose of the content I provide is for educational purposes only.
Any information you receive is based on my own knowledge and experience in the financial markets and how you act on the information provided is your own responsibility.
I cannot be held responsible for any losses you may incur as a result of ideas taken from my content provided.

Пікірлер: 41

@TheTransparentTrader 3 жыл бұрын

These videos seem to be getting longer! Is 20 minutes too long? I try to move through as fast as possible without leaving anything out. What do you think?

@davidtappenden6964 3 жыл бұрын

I think 20 minutes is about max before I get tempted to speed you up 2x so you sound like Donald Duck. Great video by the way!

@hermanspiteri9929 3 жыл бұрын

No problem with clip length, personally. Thank you for your insights!

@TheTransparentTrader 3 жыл бұрын

@@davidtappenden6964 maybe just 1.5X then?

@TheTransparentTrader 3 жыл бұрын

@@hermanspiteri9929 Ok, thanks for the feedback Herman!

@FXCORRELATOR 3 жыл бұрын

Your on the edge now Jarrod....we live in a time where 20 mins is a lifetime for most of your potential customers ....N

@Louis-yg3xq 3 жыл бұрын

Simple enough and excellent coverage of this strategy...

@MrTafadzwawalter 3 жыл бұрын

Thank for the videos mate. They really help.

@SmithnWesson 3 жыл бұрын

Solid trading strategy. Nice. Thank you so much.

@michaelslade6692 3 жыл бұрын

Great content Jarrod appreciate you taking the time to test and post. Learning MQL4 code now and look forward to putting some of your strats to the test! Cheers!

@tamaracastleicawfitness313 3 жыл бұрын

Great graphs! 📈

@TheTransparentTrader 3 жыл бұрын

Thanks Tam ;)

@MRJordanLH 3 жыл бұрын

This is an awesome video. Thank you.

@TheTransparentTrader 3 жыл бұрын

Hope you've found it useful

@kikorulan 2 жыл бұрын

Thanks for the content, it is really interesting. I would find very useful if you could express your equity curve as percentage of initial capital (to estimate yearly returns). Or in other words: what is you initial capital for this strategy for the shown equity curve?

@antoniomachado8782 3 жыл бұрын

Nice vídeo and interesting strategy. Could you please test this very strategy on all Gbp and Yen pairs? I though it might yield some good results also... Thank you!

@FXCORRELATOR 3 жыл бұрын

I’m a big fan of using rsi in this way....it has a lot of potential if used correctly with other relevant confluence....dropping the rsi setting naturally makes it easier to hit the 70/30 triggers ......N

@joemarkey6 3 жыл бұрын

Hi and thanks for the free content, do you use any of these strategy on live accounts? Are they profitable for you?

@TheTransparentTrader 3 жыл бұрын

Many of the recent strategies I design specifically to share with you guys. I trade ones with similar ideas although because mine are all automated, they are a little more tricky to trade manually.

@navketan1965 Жыл бұрын

Sir,Is daily trend important for forex trader who is trading in the direction of 4 Hour trend,with retracement on 1H chart ,using 15 minute price action.My observation is that DAILY TREND SHOULD NOT BE TRENDING DOWN,DAILY NEUTRAL TREND/RANGE BOUND IS OK.(AFTER ALL WHEN ALL 3 TRENDS, DAILY,4H, 1H MATCH,PRICE IS EXPENSIVE TO BUY & TOO CHEAP TO SELL & ODDS OF MAKING PROFIT IS LESS THAN 50%.GUIDING TREND SHOULD BE 4H,when trading 15 minute price action for entry--your input/wisdom would be appreciated. AND Thank you.

@azadarashhamn 3 жыл бұрын

Great work as always. Could you please make a video about money allocation and risk management. Actually I've done so many profitable strategies with high return and high sharpe ratio and precision. But I have no idea about money allocation.

@TheTransparentTrader 3 жыл бұрын

Ok I'll prepare something!

@azadarashhamn 3 жыл бұрын

@@TheTransparentTrader I appreciate that.

@sylvainlapointe159 3 жыл бұрын

Thanks Jarrod, Do you know of any automated Forex backtesting software taking into account real life spreads and not fixed spreads?

@TheTransparentTrader 3 жыл бұрын

The way to do that would be for the software to use the bid and the ask data. But no, I don't know if any does that. I am just mindful of what times of day trades occur and estimate how wide the spread is at that time from experience.

@oswaldokatz2523 3 жыл бұрын

Dukascopy jforex platform takes comission + overnights in backtesting