This strategy is based on Larry Connors' 2-period RSI strategy. I applied this for scalping(5Minutes) in the forex market based on his strategy.
Best use for YEN Crosses (High liquidity) trading such as USD/JPY and EUR/JPY.
Notes: 1. This strategy doesn't work well if volatility is low. 2. Don't go against Long-term trends. This strategy has practically no stop loss during rapid trends, so if going against trends can be devastating.(Especially GBP/JPY) 3. Don't martingale trading with this strategy. Based on my research, At first glance, it seems to work, but lose in the long run.