RSI and Stochastic Oscillator Binary Options Strategy multi-time frame High/Low
RSI and Stochastic Oscillator Binary Options Strategy multi-time frame High/Low is a trend momentum trading strategy.
Markets:Forex (AUD/USD, USD/JPY, EUR/USD, USD/CHF, GBP/JPY, EUR/JPY,
Indices (S&P 500, Nasdaq, DAX, FTSE), Metals (Gold and Silver).
Above the fold
Time Frame 15min and 1 min.
Expires time 10 min max 15 min.
Open a 15-minute candlestick chart, and add the following indicators:
RSI (4 period, levels 25 andand 75).
Stochastic indicator (with the default settings of 5,3,3)
Open also 1-minute chart with the same forex indicators.
Rules for Forex RSI and Stochastic Binary Options Strategy
trade only in the market direction of the trend momentum.
Buy call
On the 15 min chart, the forex RSI closing below 25 level
open the 1-minute chart and look at the stochastic forex indicator; if it’s crossing upward, place your trade and buy a call option.
Buy Put
On the 15 min chart, the forex RSI closing above 75 level
open the 1-minute chart and look at the stochastic forex indicator; if it’s crossing downward, place your trade and buy a put option.
This strategy is also suitable for scalping in the forex market on major.
The target price is 7-10 pips depending on the currency pair or the Fibonacci levels.
Initial stop loss 15 pips.
Free Download RSI and Stochastic Binary Options Indicators and template
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