Forex Fast RSI Double Bands Binary Options Strategy
Forex Fast RSI Double Bands Binary Options Strategy:
Fast RSI with Double Bands is an strategy inspired by a classic trading system based on two Bollinger Bands and RSI, but the differences are the different setting of the Bollinger Bands and the use of Conors RSI and T3 RSI.
This template is also good for scalping and intraday trading. The martingale is suitable at this fx strategy.
Time Frame 1 min, 5 min, 15 min.
Currency pairs any, Indices and major stocks.
Expiry time binary options high/low 3-5 candles.
Metatrader 4 Indicators
Bollinger Bands (20, 2.0).
Bollinger Bands (20, 2.5 – for 5 min and 15 min time frame- 20, 3.0 for 1 min time frame).
Support and resistance line with zone S/R.
Connors RSI mod period 3, up dawn period 2, ROC 100 period.
Connors RSI period 3, up dawn period 2, ROC 100 period.
T3 RSI (2, 2, 0.618).
T3 RSI (4, 4, 0.618).
T3 RSI (8, 8, 0.618).
Trading rules Fast RSI with Double Bands
Buy
When the price breaks the lower Bollinger Bands (20, 3.0 or 2.5) wait the price come back and It’ s below the fast Bollinger Bands (20, 2.0), at the same time the RSI lines are below 20 level and after crosses upward green line.
Place initial stop loss 3 pips below the lower Bollinger Bands.
Profit Target at the middle band or fast profit that depends by pairs and time frame.
Sell
When the price breaks the upper Bollinger Bands (20, 3.0 or 2.5) wait the price come back and It’ s above the fast Bollinger Bands (20, 2.0), at the same time the RSI lines are above 80 level and after crosses downward green line.
Place initial stop loss 3 pips above the upper Bollinger Bands.
Profit Target at the middle band or fast profit that depends by pairs and time frame.
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 Fast RSI Double Bands Binary Options Strategy?
- Download Forex Fast RSI Double Bands 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 Fast RSI Double Bands 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”.
