RSI

The MACD and RSI trading strategy is highly popular among new traders and scalpers. Its simplicity and amount of trading signals make it a versatile approach to trading forex. Another benefit is the ease of developing an expert advisor (EA) in MT4 using the MQL4 editor that comes together with the MT4 installation. Alternatively, traders may find it in the marketplace either for free or at a small cost. Since the MACD and RSI trading strategy is a straightforward trading strategy, there is no risk of an EA not functioning as coded, and traders can test it in a demo account.