Forex RSI Stochastic Binary Options Strategy
Forex RSI Stochastic Binary Options Strategy;
This Forex trading system utilizes two classic indicators: All RSI and Stochastic cross alert sig overlay ; I use the two indicators on two different time frames. The All RSI Indicator ( 14 period ) see the 4H chart (in the subwindow on the sreen) , while the Stochastic cross alert sig overlay (settings 5, 3, 3) is used on a 15 minute chart (the opening chart). The idea is RSI on the 4H chart will show the direction of the price while the Stochastic will give us the actual trade signal.
Time Frame 15 min
expires time 60 min
Buy Call
1. All RSI indicatoron 4H tine frame is above the 50 level
2. Arrow of buy of the Stochastic cross alert sig overlay on the 15 minute chart basic on the screen.
3. Enter a Buy call at the opening of the next candle. ( For an best entry, wait that the price retraces 3 pips below price opening candle).
Buy Put
1. All RSI indicator on 4H tine frame is below the 50 level
2. Arrow of sell of the Stochastic cross alert sig overlay on the 15 minute chart basic on the screen.
3. Enter a Buy put at the opening of the next candle. ( For an best entry, wait that the price retraces 3 pips above price opening candle).
Do not trade if RSI indicator is> 70 or less than 20
For other Trading plataform open 2 charts : 1° 15 min with stochastic indicator (5,3,3) and 2° 4H chart with RSI (14 period).
Buy call
Relative Strength Index on 4H time frame is above the 50 level.
Stochastic oscillator (5,3,3) on the 15 minute chart crosses upwards, from Oversold territory and buy put when crosses > 20 level.
Buy put
Relative Strength Index on 4H time frame is below the 50 level.
Stochastic oscillator (5,3,3) on the 15 minute chart crosses downward, from Overbought territory and buy put when crosses < 80 level.
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 Stochastic Binary Options Strategy?
- Download Forex 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 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”.
