Combine the popular RSI Cross strategy with a grid entry and exit system and you have the Asia Range Grid strategy.
Asia Range Grid, designed for use during the Asian trading hours, looks for entry signals by watching the relative strength index (RSI). If the RSI drops to an oversold level, the strategy places a buy trade. Likewise, when the RSI rises to an overbought level, the strategy places a sell trade.
After the first position opens, the strategy uses a grid system (from user-specified pip intervals) to determine further entry points. Should the market move through a new gridline, a new position opens.
Trades close one of two ways: either an individual position reaches its limit price or the user-defined session time ends, which closes all open positions.
The following inputs are available in the app’s parameters window and can be defined by the app user:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This app is only compatible with FXCM Trading Station Desktop software. An FXCM live or demo account is required.
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