Singapore achieved rapid economic prosperity because its government consistently made timely, well-calibrated decisions. Accordingly, this forex strategy — designed to help traders identify optimal entry timing and catch trend reversals — was named the “Singaporean” strategy.
Market: Forex;
Currency Pairs: Major pairs (preferably low-spread);
Timeframe: M15;
Indicators: RSI(14) and TrendLine (20, 20);
Strategy Type: Short-term;
Protective Orders: Stop Loss.
Select any currency pair with a tight spread — ideally one of the major pairs. Open the 15-minute chart. In the archive at the end of this article, locate the required TrendLine indicator. Also apply the Relative Strength Index (RSI) with standard levels at 30 and 70.
Long Entry Conditions
When the market is in a downtrend, wait for the RSI to cross below level 30. Then wait for a candle to close above the two red lines. Next, confirm the reversal: the RSI must cross back above level 30. At the opening of the next candle, enter a long position. Place your Stop Loss at the swing low of the previous candle — or adjust based on your risk tolerance.
Short Entry Conditions
When the market is in an uptrend, wait for the RSI to cross above level 70. Then wait for a candle to close below the two blue lines. Next, confirm the reversal: the RSI indicator must cross back down through level 70. At the opening of the next candle, enter a short position. Place your Stop Loss at the swing high of the previous candle — or adjust based on your risk tolerance.
Exit Strategies
Action 1: Risk-to-reward ratio of 1:1. If your Stop Loss is set at 12 pips, set your Take Profit at +12 pips.
Action 2: Enter with two lots. Once price moves 10 pips in your favor (assuming a 10-pip Stop Loss), close one lot and let the second run toward nearby support or resistance.
Action 3: Exit at the nearest psychological round number — e.g., .50 or .00 — as these often act as temporary barriers. Ensure the distance from your entry price to the nearest .50 or .00 level is greater than (or at least equal to) the distance to your Stop Loss. If not, skip the trade.
Action 4: Use a trailing stop. For long positions, move your Stop Loss to 1 pip below the low of each closed candle. For short positions, move it to 1 pip above the high of each closed candle.
Download the TrendLine indicator
FAQ
What timeframes work best with the Singaporean Oscillator strategy?
The strategy is optimized for the M15 (15-minute) timeframe, though some traders adapt it to M5 or H1 with adjusted parameters.
Which currency pairs are recommended?
Major pairs with tight spreads — especially EUR/USD, GBP/USD, and USD/JPY — deliver the most reliable signals.
Can I automate this strategy?
Yes — both RSI and TrendLine indicators are available for MT4/MT5; however, confirmation logic (e.g., candle closes + RSI cross) requires careful coding or manual oversight.
