RSI indicator trading strategy, 5 systems + back test results!
Oscillator indicators in general, are risky and unreliable beasts. They might look friendly and approachable at first, only to BITE your hand off just when you are most comfortable!
The RSI indicator is usually the go to oscillator for the novice trader when deciding to enter that first trade. There is a simple, valid reason for this; The RSI indicator is simple to read and understand and it “APPEARS” to get great results when given the visual back-test!