Forex RSI Price Action Arrows Binary Options Strategy
Forex RSI Price Action Arrows Binary Options Strategy:
RSI Price Action Strategy is a trading system based on support and resistance lines.
RSI signals are filtered by slow stochastic and support and resistance lines. The purpose of this trading strategy is to make this profitable trading strategy easier. The inclusion of slow stochastics should help to make this price action strategy easier. This trading strategy is also for trading on binary options high/low.
Expiry time 2-3 candles
Time frame 1 min or higher.
Currency pairs: majors, minors, indicies and stocks.
Metatrader Indicators:
Support and resistance lines,
RSI OS OB alerts (3 period with levels 10, 90),
Slow Stochastic oscillator (11, 3, 3).
Trading rules RSI Price Action Strategy
Buy
When It is formed the support line with two dots wait the RSI buy signal filtered by slow stochastic green line.
Stop loss 3 -5 pips below support line.
Profit target ratio 1:1 stop loss.
Sell
When It is formed the resistance line line with two dots wait the RSI sell signal filtered by slow stochastic red line.
Stop loss 3 -5 pips below support line.
Profit target ratio 1:1 stop loss.
This strategy needs practice to be assimilated. My advice is before you test it at higher time frames then when you learned the technique you can drop off at 1 minute time frame.
In the folder there are other support and resistance mq4 indicators.
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 Price Action Arrows Binary Options Strategy?
- Download Forex RSI Price Action Arrows 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 Price Action Arrows 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”.
