Forex RSI Extreme Binary Options Strategy
Forex RSI Extreme Binary Options Strategy:
RSI Extreme System is a price action trend-reversal system for intraday trading.
This system can also be applied to trading with binary options high/low.
The main feature of this system is to enter the market, on the extreme highs of the indicators in use: RSI, TMA Bands and Zee Zee I.
Time Frame 5min 15 min o 30 min.
Financial markets: any.
Expiry time for binary options (4- 6 candles).
time frame 5 min expiry time 6-8 candles,
time frame 15 min expiry time 5 candles,
time frame 30 min expiry time 4 candles.
Metatrader Indicators:
Zee Zee I. ( 34 period);
TMA Bands ( Upper and Lower);
RSI Extreme (setting time frame 5 min 21 period , time frame 15 min 14 period, time frame 30 min 11 period).
Remember to change the setting of RSI, when changes timeframe !!!
The default template is for 5 min.
Trading rules RSI Extreme System
Buy
The arrow buy of the RSI extreme in a lower bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in oversold area with blue line.
Sell
The arrow sell of the RSI extreme in a upper bands, (the candle of the arrow must close or close touch after the black band).
The Zee Zee I is in overbougth area with red line.
Note only for 5 min time frame the price must close after the black band.
Exit position
Make profit at the middle band or with predefined profit target with ratio stop loss 1:13. Place initial stop loss 5 pips above/below the bands.
Expect a relationship win / loss> 62%.
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 RSI Extreme Binary Options Strategy?
- Download Forex RSI Extreme 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 RSI Extreme 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”.
