This is a scalping strategy that uses an RSI Lido indicator. There are also various indicator that is used alongside with the main indicator to fully grasp the activity of the market. This system is useful in a 15 minute or higher timeframe and works on any currency pairs.
Any MA RSI R2
RSI Lido (5) with Ma smoothed (4 period).
Simple rules for RSI Lido Forex System
Arrow Buy (green color) is greater than line yellow and pink.
Line Yellow is greater than line pink.
RSI Lido indicator is greater than 35.
Arrow Sell (red color) is less than line yellow and pink.
Line yellow is less than the pink line.
RSI Lido indicator less than 65.
Note: Don not enter trade if the Arrow buy or sell is between yellow and pink line.
At the level of the Fibonacci pivots.
When the star appears on the bar.
Profit Target predetermined, depends by time frame and currency, or ratio 1:1.5 stop loss.