Forex Combined RSI Stochastic Binary Options Strategy
Forex Combined RSI Stochastic Binary Options Strategy:
RSI and Stochastic Oscillator Binary Options Strategy multi time frame High/Low is a trend momentum trading system.
Markets:Forex (EUR/USD, USD/JPY, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY,
Indicies (S&P 500, Nasdaq, DAX, FTSE), Metals (Gold and Silver).
Time Frame 15min and 1 min.
Expires time 10 min max 15 min.
Open 15 minute candlestick chart, add the following indicators:
RSI (4 period, levels 25 an 75).
Stochastic (with the default settings of 5,3,3)
Open also 1 minte chart with the same indicators.
Rules for RSI and Stochastic Binary Options Strategy
trade only in the direction of the trend-momentum.
Buy call
On the 15 min chart the RSI closing below 25 level
open the 1 minute chart and look at the stochastic indicator if it’s crossing upward, place your trade and buy call option.
Buy Put
On the 15 min chart the RSI closing above 75 level
open the 1 minute chart and look at the stochastic indicator if it’s crossing downward, place your trade and buy put option.
This strategy is also good for scalping in the forex market on major.
Target price 7-10 pips depends by currency pair or the Fibonacci levels.
Initial stop loss 15 pips.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Combined RSI Stochastic Binary Options Strategy?
- Download Forex Combined RSI Stochastic Binary Options Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Combined RSI Stochastic Binary Options Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
